States › Delaware › Georgetown

Is Georgetown, DE expensive to live in?

ExpensiveRent takes 33 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,48415% lower than U.S. average
💵 Families earn per year (2026)$53,622about $4,469/month · 38% lower than U.S. average
🔑 House price$281,40015% lower than U.S. average

Rent is lower than in 59% of U.S. cities. A typical house costs about 5.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $59,360 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Delaware cities?

Yes. Rent here is cheaper than in most of Delaware. It is number 4 of 20 cities from cheapest to most expensive.

Georgetown
$1,484
Millsboro
$2,093
Wilmington Manor
$1,541
Pike Creek
$2,380
Seaford
$1,691
Claymont
$2,720
Edgemoor
$1,403

How much do households earn in Georgetown?

Under $25k
18.9%
$25k–50k
39.1%
$50k–100k
28.6%
$100k–150k
8.1%
$150k+
4.3%

Share of households by yearly income. 12.5% of households earn $100,000 or more.

Rent by apartment size in Georgetown

SizeGeorgetownU.S. average
1 bedroom$1,030$1,324
2 bedrooms$1,577$1,509
3 bedrooms$1,497$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Georgetown overall?

Everyday prices in Delaware overall are same as the U.S. average (index 99.8, U.S. = 100).

Housing
102
Goods (food, clothes…)
96
Utilities
104
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Georgetown, so the Delaware figure is shown.

Taxes and bills in Georgetown

🏛️ Property tax$1,096a year · 0.39% of home value · U.S. $3,119
⚡ Electric bill$173a month (typical) · U.S. $156

Life in Georgetown

Commute to work28.7 minU.S.: 26.4 min
College degree16%U.S.: 35.7%
Own their home50.5%U.S.: 65.2%
Below poverty line16.8%U.S.: 12.5%
Unemployment3.7%U.S.: 5.2%

Is it cheaper to rent or buy in Georgetown?

Renting is cheaper right now: about $469 a month less.

Renting
$1,484
Owning
$1,953

Owning assumes a typical $281,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $28,140 for the down payment.

Frequently asked questions

What is the average rent in Georgetown, DE?

Renting in Georgetown costs a median of about $1,484 a month in 2026, including utilities. The Delaware median is $1,693.

How much do I need to make to live in Georgetown?

To keep rent under 30% of income, you need about $59,360 a year, or $29 an hour at a full-time job.

Is Georgetown cheap or expensive?

Georgetown is rated Expensive: rent takes 33.2% of the typical household income of $53,622. It ranks 4th cheapest of 20 Delaware cities we track.

How much are property taxes in Georgetown?

The median homeowner in Georgetown pays $1,096 a year in property taxes, about 0.39% of the median home value.

Is Georgetown more expensive than the national average?

Overall prices in Delaware are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Georgetown?

The median home value in Georgetown is $281,400, about 5.2 times the typical yearly household income.

7,660 people live in Georgetown. Numbers are typical (middle) values.