Georgetown, Mississippi is a small city located in Copiah County. The population of Georgetown is estimated to be around 2,000 people. The city is known for its friendly atmosphere and low cost of living. Rent for a two-bedroom apartment in Georgetown is approximately $820 per month, far lower than the national average of $1,430. Grocery prices are also significantly lower in Georgetown with a grocery cost index of 95 versus the US average of 100.
The local economy is mainly comprised of small businesses such as Johnson Auto Parts & Sales, Georgetown Pharmacy & Gifts, and Lovelace Antiques & Collectibles. These businesses provide essential services to the community while helping to create jobs and economic growth for the area.
Overall, Georgetown offers good housing and grocery options that make it an attractive place to live at an affordable price. While it may not have all the amenities offered by larger cities, it still provides a welcoming atmosphere with friendly people and businesses who are dedicated to their community's well-being.
Georgetown has an unemployment rate of 7.1%. The US average is 6.0%.
Georgetown has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Georgetown
- The Sales Tax Rate for Georgetown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Georgetown is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Georgetown
- The average income of a Georgetown resident is $18,191 a year. The US average is $28,555 a year.
- The Median household income of a Georgetown resident is $25,179 a year. The US average is $69,021 a year.