States › Kentucky › Georgetown

Is Georgetown, KY expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,43418% lower than U.S. average
💵 Families earn per year (2026)$86,375about $7,198/month · 1% lower than U.S. average
🔑 House price$265,40020% lower than U.S. average

Rent is lower than in 62% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $57,360 a year. That is $28 an hour at a full-time job.

Is rent cheaper than other Kentucky cities?

No. Rent here is more expensive than in most of Kentucky. It is number 65 of 87 cities from cheapest to most expensive.

Georgetown
$1,434
Covington
$1,219
Richmond
$1,086
Florence
$1,488
Elizabethtown
$1,175
Nicholasville
$1,532
Hopkinsville
$1,167

How much do households earn in Georgetown?

Under $25k
11.8%
$25k–50k
19.0%
$50k–100k
40.0%
$100k–150k
18.9%
$150k+
6.5%

Share of households by yearly income. 25.4% of households earn $100,000 or more.

Rent by apartment size in Georgetown

SizeGeorgetownU.S. average
Studio$1,184$1,338
1 bedroom$892$1,324
2 bedrooms$1,218$1,509
3 bedrooms$1,647$1,698
4 bedrooms$1,518$2,098

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

How expensive is Georgetown overall?

Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).

Housing
64
Goods (food, clothes…)
96
Utilities
75
Other services
97
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 Kentucky figure is shown.

Taxes and bills in Georgetown

🏛️ Property tax$1,839a year · 0.69% of home value · U.S. $3,119
⚡ Electric bill$162a month (typical) · U.S. $156

Life in Georgetown

Commute to work21.5 minU.S.: 26.4 min
College degree34.1%U.S.: 35.7%
Own their home62.3%U.S.: 65.2%
Below poverty line12.1%U.S.: 12.5%
Unemployment4.2%U.S.: 5.2%

Is it cheaper to rent or buy in Georgetown?

Renting is cheaper right now: about $408 a month less.

Renting
$1,434
Owning
$1,842

Owning assumes a typical $265,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $26,540 for the down payment.

Frequently asked questions

What is the average rent in Georgetown, KY?

Renting in Georgetown costs a median of about $1,434 a month in 2026, including utilities. The Kentucky median is $1,175.

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

To keep rent under 30% of income, you need about $57,360 a year, or $28 an hour at a full-time job.

Is Georgetown cheap or expensive?

Georgetown is rated Cheap: rent takes 19.9% of the typical household income of $86,375. It ranks 65th cheapest of 87 Kentucky cities we track.

How much are property taxes in Georgetown?

The median homeowner in Georgetown pays $1,839 a year in property taxes, about 0.69% of the median home value.

Is Georgetown more expensive than the national average?

Overall prices in Kentucky are 10% below 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 $265,400, about 3.1 times the typical yearly household income.

39,117 people live in Georgetown. Numbers are typical (middle) values.