Georgetown, DE is a vibrant community with plenty of small businesses to serve its residents. It has a relatively low cost of living, with the average 2 bedroom rental rate being $1,070 per month compared to the US average of $1,430. Grocery costs are also lower in Georgetown than in the rest of the country; the Grocery Cost Index is 105 in Georgetown versus 100 in the US. In Georgetown, local companies such as Country Carpet & Flooring Center, Dover Auto Sales & Service, and Bayshore Furniture offer excellent services for competitive prices. With its low cost of living and local businesses, Georgetown is an ideal town for those looking for affordable housing and convenience.
Georgetown has an unemployment rate of 6.4%. The US average is 6.0%.
Georgetown has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Georgetown
- The Sales Tax Rate for Georgetown is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Georgetown is 6.6%. 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 $19,204 a year. The US average is $28,555 a year.
- The Median household income of a Georgetown resident is $42,204 a year. The US average is $69,021 a year.