Median rent is 6% lower in Georgetown ($1,671/mo vs $1,779/mo). Buying is cheaper in Georgetown, where the median home runs $398,600 versus $751,700. Households earn more in Georgetown ($91,857 vs $79,713 a year). Taken together, Georgetown is the more affordable choice with a cost index of 98.8 against 113.0 — about 13% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Georgetown, TX.
Quick verdict
Georgetown is 13% cheaper overall
Cost index: 98.8 in Georgetown vs 113.0 in New York (US average = 100)
City A
Georgetown, TX
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Georgetown, TX?
Equivalent salary in New York, NY
$85,761
You'd need $10,761 more (14% higher).
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Georgetown
Texas
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in Georgetown at $1,671/mo compared to $1,779/mo in New York (6% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $398,600 in Georgetown — 47% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Texas has no state income tax, while New York tops out at 10.90% — giving Georgetown a clear advantage for high earners. Sales tax is 6.25% in Texas and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Georgetown
Income tax: None
Sales tax: 6.25%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Georgetown.
Pick Georgetown if you prioritize lower overall cost of living (index 98.8 vs 113.0).
Pick Georgetown if you prioritize higher median household income ($91,857/yr).
Pick Georgetown if you prioritize no state income tax.
Is Georgetown cheaper than New York?
Georgetown is cheaper overall, with a cost of living index of 98.8 versus 113.0 (US average = 100). That means prices run about 13% lower in Georgetown.
How much is rent in Georgetown vs New York?
Median rent is $1,671/mo in Georgetown, TX and $1,779/mo in New York, NY. Georgetown, TX has the lower rent by about 6%.
Which has higher salaries — Georgetown or New York?
Median household income is $91,857 in Georgetown, TX and $79,713 in New York, NY. Georgetown, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Georgetown or New York?
Texas has no state income tax. New York has a top rate of 10.90%.
What salary do I need in New York to match my Georgetown income?
To maintain the same purchasing power, a salary of $100,000 in Georgetown, TX is equivalent to roughly $114,348 in New York, NY (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology