Cost of Living in Georgetown, CO

With a cost of living index of 114, Georgetown, CO is somewhat more expensive than average. Living here is 14% more expensive than the national average and in line with the Colorado state average. Georgetown is a small community of 1,082 residents.

Housing costs are the biggest factor in Georgetown's cost of living. The median monthly rent is $1,361 (3% above the US median of $1,319), and the median home value sits at $440,000 (44% above the national median of $304,900). At current prices, the median home costs roughly 5.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Georgetown is $75,804, which is 1% higher than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Denver-Aurora-Centennial, CO (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.