Georgetown, IL is a small city located in Vermillion County with a population of 3,000 people. The two bedroom rent in Georgetown is $920 compared to the US average at $1,430 making it more affordable than many other places. Grocery Cost Index in Georgetown is 90 versus 100 in the US making groceries relatively inexpensive as well. With its affordable cost of living and great access to local resources it's no wonder why residents choose to stay in Georgetown. The town boasts an abundance of local businesses such as Carpet Enterprises Inc., Climate Control Systems Inc., and Community State Bank which contribute greatly to the growth and development of the city's economy. All these factors make for a great place for families and individuals looking for a safe and affordable place to call home.
Georgetown has an unemployment rate of 6.9%. The US average is 6.0%.
Georgetown has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Georgetown
- The Sales Tax Rate for Georgetown is 6.5%. 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 $18,245 a year. The US average is $28,555 a year.
- The Median household income of a Georgetown resident is $49,484 a year. The US average is $69,021 a year.