Georgetown, MA
Maps & Population Facts
Population
8,569
Population Density
666
Labor Participaton
71.5%
Bachelor's or Higher
47.8%
Median Household Income
$113,417
Median Individual Income
$56,282
Median Individual Income(Full-time Workers Only)
$80,481
Housing Estimates
Median House Value
$431,700
Median Gross Rent
$1,463
Median Mortgage Payment
$2,437
Housing Units
3,405
People who reside in Georgetown live in:
Detached - Single Family Homes
77%
Apt, Condo, Other
23%
Analysis
Income
Households in Georgetown earn significantly more money than the national median income, averaging 88% higher per household.
Housing
Georgetown has a median house price of $431,700. The cost of homeownership is significantly higher than most areas. The cost of renting in Georgetown is 45% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 17% |
Demographics
The median age in Georgetown is 46. Georgetown has a population that is significantly older than in comparison to the US median age.
Georgetown ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Georgetown | Massachusetts | USA | |
| Median Property Value | 431,700 | 385,400 | 217,600 |
| Median Mortgage Payment | 2,437 | 2,108 | 1,513 |
| Median Gross Rent | 1,463 | 1,208 | 1,012 |
| Property Vacancy | 4.1% | 10.0% | 12.6% |
| % Renters | 20% | 38% | 36% |
| Residents per Sq. Mi. | 666 | 885 | 93 |
Personal Comparison
| Georgetown | Massachusetts | USA | |
| Median Household Income | 113,417 | 77,385 | 60,336 |
| Median Individual Income | 56,282 | 41,700 | 33,646 |
| Median Income (Full-Time) | 80,481 | 60,923 | 46,881 |
| Median Age | 46.0 | 39.5 | 38.1 |
| Labor Participation | 71.5% | 67.8% | 62.8% |
| Attained College Degree | 47.8% | 43.4% | 32.0% |
Population Density Analysis
Georgetown, MA
666
Residents per Sq. Mile
The population density of Georgetown is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +