Georgetown, SC vs Lakewood, SC

Georgetown is moderately more affordable than Lakewood, with a 12.3% lower cost of living index. Georgetown scores 70 compared to 80 for Lakewood, where the US average is 100. This difference means residents of Lakewood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Georgetown is $805/month compared to $928/month in Lakewood — a 13% difference. Home values follow the same pattern: Georgetown is more affordable at $158,600 median vs $260,900.

Median household income in Georgetown is $57,704 compared to $49,255 in Lakewood (+17.2%). Georgetown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Georgetown spend roughly 16.7% of their income on rent, less than the 22.6% in Lakewood.

Climate-wise, both cities share similar average temperatures (65.1°F vs 65.5°F). Georgetown receives more rainfall at 55.6" per year compared to 43.7" in Lakewood.