Georgetown, DE vs Selbyville, DE

Georgetown, DE and Selbyville, DE have a very similar cost of living, with only a 1.4% difference in their overall index. Georgetown scores 96 while Selbyville scores 98 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Georgetown is $1,333/month compared to $988/month in Selbyville — a 35% difference. Interestingly, home values tell a different story: while Selbyville has cheaper rent, Georgetown actually has lower median home values ($266,100 vs $410,700).

Median household income in Georgetown is $47,423 compared to $81,845 in Selbyville (-42.1%). While Selbyville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Georgetown spend roughly 33.7% of their income on rent, more than the 14.5% in Selbyville. The Selbyville ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.