Zip 19947 (Georgetown, DE) Economy


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Georgetown, DE is a great place to live with many local businesses and amenities. The two bedroom rent in Georgetown is $1,040 which is significantly lower than the US average of $1,430. It also boasts a grocery cost index of 105 versus the US average of 100, making it an affordable option for those looking to save on living expenses. Notable companies located in Georgetown include Perdue Farms, Mountaire Farms, Rothwell Logistics Group and Delmarva Power. There are also plenty of shopping opportunities at stores like Rite Aid and Walmart as well as restaurants such as The Mill Pond Steakhouse and Lowes Foods. With its low cost of living and numerous business opportunities, Georgetown is an ideal place for anyone looking for a great place to live.

Georgetown (zip 19947) has an unemployment rate of 6.4%. The US average is 6.0%.

Georgetown (zip 19947) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Georgetown (zip 19947)
- The Sales Tax Rate for Georgetown (zip 19947) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Georgetown (zip 19947) is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Georgetown (zip 19947)
- The average income of a Georgetown (zip 19947) resident is $20,611 a year. The US average is $28,555 a year.
- The Median household income of a Georgetown (zip 19947) resident is $57,894 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGeorgetown, DelawareUnited States
  6.46
  -6.0%-6.2%
  37.5%33.5%
  0.0%6.2%
  5.6%4.6%
  $25,098$37,638
  $57,894$69,021
  $66,212$85,028
  Population by Occupation
  4.1%1.2%
  0.0%0.5%
  13.8%6.8%
  12.3%10.0%
  3.4%2.5%
  11.8%11.0%
  3.0%4.8%
  1.1%0.8%
  0.6%1.9%
  1.8%4.7%
  0.4%1.9%
  2.7%7.6%
  0.0%0.1%
  11.4%4.2%
  5.9%9.3%
  9.3%14.0%
  1.4%2.1%
  7.1%7.0%
  3.7%4.8%
  6.2%4.7%
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