Georgetown, KY

Below Avg · 83

Kentucky · Population 38,206 · Updated March 2026

$1,199
Median Rent / Month
$78,373
Median Income
$244,200
Median Home Value
$1,270
Owner Costs / Month

Affordability

How far your income goes in Georgetown

18.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Kentucky

State-level tax rates that affect your costs

4.0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.83%
Property Tax Rate

Estimated Annual Costs

$14,388
Annual Rent
$3,135
State Income Tax
$2,027
Property Tax (est.)

Cost of Living Overview

Georgetown is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 83 (where 100 equals the national median), Georgetown residents can expect to pay median rent of $1,199/month while earning a median household income of $78,373/year.

The median home value in Georgetown, KY is $244,200, with typical monthly owner costs around $1,270 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Kentucky has a moderate income tax rate of 4.0%. Combined with a 6.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Georgetown.

Frequently Asked Questions

Common questions about living costs in Georgetown

What is the cost of living in Georgetown, KY?
The cost of living index in Georgetown, KY is 83 (US average = 100). Median monthly rent is $1,199, median household income is $78,373/year, and the median home value is $244,200.
Is Georgetown, KY affordable?
Yes, Georgetown is more affordable than the national average with a cost index of 83. The rent-to-income ratio is 18.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Georgetown, KY?
The median gross rent in Georgetown, KY is $1,199 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,388.
What is the median household income in Georgetown?
The median household income in Georgetown, KY is $78,373 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Kentucky?
Kentucky has a top income tax rate of 4.0%, a sales tax of 6.0%, and an effective property tax rate of 0.83%.