Georgetown, SC Metro Area is a great place to live with low costs of living. The average two bedroom rent in Georgetown is only $930 compared to the US average of $1,430. Similarly, grocery costs are also lower in Georgetown than on average nationally at 98 versus 100. This makes Georgetown an attractive option for people looking to save money on housing and groceries. Additionally, there are many local businesses that make up the economy of Georgetown such as Davis-Ramey Construction Company, Coastal Carolinas Health Alliance, and Charlestowne Hotels. With affordable rent and everyday purchases people in the area can afford to enjoy all that this city has to offer.
Georgetown Metro Area has an unemployment rate of 5.9%. The US average is 6.0%.
Georgetown Metro Area has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Georgetown Metro Area
- The Sales Tax Rate for Georgetown Metro Area is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Georgetown Metro Area is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Georgetown Metro Area
- The average income of a Georgetown Metro Area resident is $36,867 a year. The US average is $37,638 a year.
- The Median household income of a Georgetown Metro Area resident is $55,719 a year. The US average is $69,021 a year.