Living in Georgetown, TX in 2025 requires an average gross monthly income of $5,800 for a comfortable lifestyle for a family of four. Housing is the biggest expense, with a typical mortgage payment of $2,100 for a 3-bedroom home.
Housing Costs
The median rent for a 2-bedroom apartment in Georgetown is approximately $1,600 per month. For those looking to purchase a home, a typical mortgage payment for a 3-bedroom house falls in the range of $1,900 to $2,300 monthly.
Georgetown offers a mix of newer and older homes. Newer construction tends to come with higher price tags but may offer more modern amenities and energy efficiency. Older homes can provide more affordable options but may require additional maintenance or updates.
Homeowners Association (HOA) fees are common in many Georgetown neighborhoods, typically ranging from $200 to $400 per month. These fees often cover community amenities, landscaping, and exterior maintenance.
Utilities and Energy Bills
Utility costs in Georgetown are generally on par with the national average. Residents can expect to pay around $150 per month for electricity, with seasonal spikes during the hot summer months due to increased air conditioning usage. Natural gas bills average $60 monthly, while water and trash services combined typically cost $80 per month.
Energy-conscious homeowners can take advantage of Georgetown’s sunny climate by installing solar panels, which can significantly reduce electricity costs in the long run. Proper insulation and energy-efficient appliances can also help keep utility bills in check.
| Utility | Average Monthly Cost |
|---|---|
| Electricity | $150 |
| Natural Gas | $60 |
| Water & Trash | $80 |
Groceries and Daily Expenses
A single person in Georgetown can expect to spend around $350 per month on groceries, while a family of four may budget closer to $1,100. These figures assume a mix of home-cooked meals and occasional dining out.
To give an idea of local prices, a gallon of milk typically costs $3.50, a dozen eggs $2.80, and a loaf of bread $2.50. Dining out can add up quickly, with a meal at a mid-range restaurant averaging $15 per person, not including tip.
Household essentials like toiletries, cleaning supplies, and paper goods should also be factored into the monthly budget, typically adding another $150 to $200 for a family.
Taxes and Hidden Fees
Georgetown residents pay a property tax rate of approximately 0.55%, which equates to $5,500 annually on a $300,000 home. This is in addition to the monthly mortgage payment.
Sales tax in Georgetown is 8.25%, a combination of the 6.25% Texas state sales tax and a 2% local tax. Vehicle registration fees are $50.75 plus local county fees, which can add another $10 to $20.
| Tax/Fee | Rate |
|---|---|
| Property Tax | 0.55% |
| Sales Tax | 8.25% |
| Vehicle Registration | $50.75 + local fees |
Summary Budget Table
| Expense Category | Single Person | Couple | Family of Four |
|---|---|---|---|
| Housing (rent/mortgage) | $1,200 | $1,600 | $2,100 |
| Utilities | $200 | $250 | $350 |
| Groceries & Dining | $400 | $700 | $1,200 |
| Transportation | $300 | $500 | $800 |
| Healthcare | $250 | $500 | $800 |
| Miscellaneous | $300 | $500 | $700 |
| Total Monthly Budget (pre-tax) | $2,650 | $4,050 | $5,950 |
Keep in mind these figures are averages and will vary depending on individual lifestyle choices and circumstances. For example, a family choosing to live in a smaller home or apartment can significantly reduce their housing costs, while those opting for private schools will need to budget an additional $1,000 or more per child each month.
Lifestyle Considerations
Georgetown offers a suburban lifestyle with relatively easy access to the amenities of Austin, located just 30 miles south. Commute times for those working in Austin can vary depending on location and traffic, but typically range from 35 to 60 minutes.
Homes in Georgetown tend to be newer and more spacious compared to those in central Austin, often featuring yards and garages. However, this extra space comes at the cost of longer commutes and less walkability.
Residents enjoy access to numerous parks, trails, and recreational facilities, including Lake Georgetown and the San Gabriel River. The historic downtown square offers a variety of local shops and restaurants, while larger retail centers are located along the Interstate 35 corridor.
Frequently Asked Questions
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What salary do you need to live comfortably in Georgetown?
A gross monthly income of at least $4,500 for a couple or $6,000 for a family of four is recommended to live comfortably in Georgetown. -
Is Georgetown more affordable than Austin?
Yes, the cost of living in Georgetown is generally 10-20% lower than in Austin proper, primarily due to lower housing costs. -
Are property taxes high in Georgetown?
Property taxes in Georgetown are slightly higher than the national average but lower than in many parts of the Austin metro area. -
How much can I expect to pay for utilities in Georgetown?
The average household in Georgetown pays $200 to $350 per month for utilities, including electricity, gas, water, and trash service. -
Is public transportation available in Georgetown?
Public transportation options in Georgetown are limited, with most residents relying on personal vehicles for their daily commutes and errands. However, the GoGeo bus system does offer some local routes and connections to Capital Metro services in Austin.