Living in Georgetown, Massachusetts
Cost of living, income, home prices, rent and demographics of Georgetown · Census data 2020–2024
Georgetown has 8,474 residents with a median age of 42.8. The median household income is $151,595 (46% higher than the Massachusetts median), the median home value is $651,200, the median rent is $2,223/month.
Georgetown at a glance
- Population
- 8,474
- Median age
- 42.8State: 40
- Median household income
- $151,595State: $103,960
- Median home value
- $651,200State: $562,100
- Median rent
- $2,223/moState: $1,762
- Homeowners
- 84%
- Bachelor's degree or higher
- 56.1%
- Average commute
- 34 min
Is Georgetown a good place to live?
Pros: Median household income 46% higher than the Massachusetts median; unemployment of 1.7%; a poverty rate of 3.8%.
Cons: Home values 16% higher than the state median; an average commute of 34 minutes.
The weather is best in June to September.
Cost of living in Georgetown
Housing is the biggest part of the cost of living. In Georgetown the median home value is $651,200, 96% higher than the U.S. median. Renters pay a median of $2,223 per month, which is 34% of household income. Homeowners with a mortgage pay $2,945 a month in housing costs.
Georgetown median household income
The median household income in Georgetown is $151,595 and the income per person is $69,681. 3.8% of residents live below the poverty line (Massachusetts: 10%).
Housing in Georgetown: homes for sale and rent
- Housing units
- 3,275
- Owner-occupied
- 84%
- Renter-occupied
- 16%
- Vacant
- 1.5%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.62
Georgetown demographics
- Population
- 8,474
- Median age
- 42.8
- Under 18
- 23.5%
- 65 and older
- 18.5%
- Households
- 3,227
- Foreign-born
- 4.7%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Georgetown ›
Education in Georgetown
56.1% of adults 25 and older in Georgetown have a bachelor's degree or higher (Massachusetts: 47.3%), and 25.1% have a graduate or professional degree.
Jobs and commute in Georgetown
- Unemployment rate
- 1.7%State: 5.2%
- Average commute
- 34 minState: 29 min
- Work from home
- 20.2%
- Drive alone
- 69.7%
- Public transit
- 1.5%
- Walk to work
- 0.2%
- Homes with broadband
- 93.6%
Georgetown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Georgetown | 8,474 | $151,595 | $651,200 | $2,223 |
| Groveland | 6,777 | $141,487 | $610,900 | $1,825 |
| Boxford | 8,208 | $200,871 | $907,000 | $776 |
| Rowley | 6,251 | $132,734 | $667,300 | $1,603 |
| West Newbury | 4,591 | $179,500 | $808,200 | $1,675 |
| Topsfield | 6,564 | $195,718 | $853,400 | $1,115 |
| Newbury | 6,777 | $174,868 | $840,600 | $1,806 |
| North Andover | 31,490 | $140,670 | $732,900 | $2,223 |
| Haverhill | 67,698 | $88,326 | $453,900 | $1,668 |
More for people moving to Georgetown
Georgetown ZIP code ›Weather and climate ›Living in Georgetown: FAQ
What is the median household income in Georgetown, MA?
The median household income in Georgetown is $151,595, 46% higher than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Georgetown?
The median home value in Georgetown is $651,200, compared with $562,100 in Massachusetts.
How much is rent in Georgetown?
The median gross rent in Georgetown is $2,223 per month, about 34% of household income.
Is Georgetown, MA a good place to live?
Pluses: median household income 46% higher than the Massachusetts median; unemployment of 1.7%; a poverty rate of 3.8%. Minuses: home values 16% higher than the state median; an average commute of 34 minutes.
What is the median age in Georgetown?
The median age in Georgetown is 42.8 years (Massachusetts: 40).
How long is the commute in Georgetown?
The average commute to work in Georgetown is 34 minutes; 20.2% of workers work from home.
What is the unemployment rate in Georgetown?
The unemployment rate in Georgetown is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Georgetown?
56.1% of adults in Georgetown have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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