Georgetown, KY is an attractive mid-sized city located in central Kentucky. It is home to a variety of local businesses such as Toyota Motor Manufacturing, Georgetown College, and Stamping Plant. With a low cost of living, 2 bedroom rent in Georgetown can be found for as low as $1,010 compared to the US average of $1,430. The Grocery Cost Index for Georgetown also stands at 98 compared to the US average of 100. This makes it an ideal location for families looking to live comfortably within their budget.
Georgetown has an unemployment rate of 4.1%. The US average is 6.0%.
Georgetown has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 41.9%, which is higher than the US average of 33.5%.
Tax Rates for Georgetown
- The Sales Tax Rate for Georgetown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Georgetown is 8.3%. 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 $31,475 a year. The US average is $37,638 a year.
- The Median household income of a Georgetown resident is $66,942 a year. The US average is $69,021 a year.