Georgetown, MA is a small town located in Essex County about 27 miles north of Boston. It is known for its peaceful atmosphere and access to nature trails and outdoor activities. With a population of 8,183 people as of the 2020 census, Georgetown has an array of local businesses including Towne Pub, a family-owned restaurant; Donelan’s Supermarkets; Mello Construction; and The Rink at Rockingham, an ice skating rink. The average rent for a two-bedroom apartment is $2,530, higher than the US average of $1,430 for the same size apartment. Additionally, the Grocery Cost Index in Georgetown is 110 versus 100 in the US. Considering all these factors, Georgetown remains a great place to live with many local amenities available to its inhabitants!
Georgetown has an unemployment rate of 5.3%. The US average is 6.0%.
Georgetown has seen the job market decrease by -8.7% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Georgetown
- The Sales Tax Rate for Georgetown is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Georgetown is 5.1%. 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 $55,782 a year. The US average is $37,638 a year.
- The Median household income of a Georgetown resident is $129,153 a year. The US average is $69,021 a year.