Cost of Living in Georgetown, CT

With a cost of living index of 197, Georgetown, CT is one of the most expensive cities in the United States. Living here is 97% more expensive than the national average and 71% above the Connecticut state average of 125. Georgetown is a small community of 1,751 residents.

Housing costs are the biggest factor in Georgetown's cost of living. The median monthly rent is $3,500 (165% above the US median of $1,319), and the median home value sits at $677,300 (122% above the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Georgetown is $163,158, which is 117% higher than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. While incomes are above average, they more than offset the higher cost of living.

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.