Georgetown, NY is a small city located in central New York. It has a population of just over 4,000 people and is known for its historic buildings and sites. The cost of living is quite low compared to other cities in the US; 2 bedroom rent averages $1,030, while the US average is $1,430. Additionally, grocery costs are relatively low as well with a grocery cost index of 96 versus 100 nationally.
Georgetown has many local businesses that serve the community including hardware stores, gas stations, supermarkets and restaurants. There are also plenty of job opportunities available in the area such as teaching positions at local schools, nursing jobs at hospitals, retail work at convenient stores and more. All these businesses offer great potential for economic development and growth in the city.
Georgetown has an unemployment rate of 6.3%. The US average is 6.0%.
Georgetown has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Georgetown
- The Sales Tax Rate for Georgetown is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Georgetown is 6.5%. 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 $27,328 a year. The US average is $37,638 a year.
- The Median household income of a Georgetown resident is $57,188 a year. The US average is $69,021 a year.