Georgetown, GA vs Madison, GA

Georgetown, GA and Madison, GA have a very similar cost of living, with only a 3.7% difference in their overall index. Georgetown scores 99 while Madison scores 95 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 $1,446/month compared to $1,128/month in Madison — a 28% difference. Interestingly, home values tell a different story: while Madison has cheaper rent, Georgetown actually has lower median home values ($257,700 vs $313,100).

Median household income in Georgetown is $80,231 compared to $79,133 in Madison (+1.4%). Georgetown does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Georgetown spend roughly 21.6% of their income on rent, more than the 17.1% in Madison.