Georgetown, IL
Population 3,105 · Illinois
About Georgetown, IL
Georgetown is a small town located in Illinois with a population of 3,105 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,781 per year, which is 24% below the national median of $75,149. The median age of 41.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Georgetown features a median home value of $70,500, which is 71% below the national median of $244,900. This makes Georgetown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $729, 37% below the national average of $1,163/month. Of the 1,483 total housing units, 73% are owner-occupied (946 units) and 27% are renter-occupied (356 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Georgetown shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Georgetown have an average one-way commute time of 28 minutes.
Education & Demographics
14.8% of Georgetown residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.9% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Georgetown, IL
Compared to national averages, Georgetown has a median household income of $56,781 (24% below the national median of $75,149). Home values average $70,500, which is 71% below the national median. Monthly rent at $729 is 37% below the US average of $1,163. Within Illinois, Georgetown's income is 24% below the state average of $75,072, and home values are 57% below the state median of $165,779.
Why Live in Georgetown, IL?
Georgetown offers affordable housing with a median home value of $70,500, below the US average of $244,900, and rent that’s lower than the national average at $729/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 12.3%, better than the national average.
Potential considerations include median household income ($56,781) that falls below the national average. However, Georgetown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Georgetown has a population of 3,105 with a median age of 41.3 years. Compare Georgetown with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Georgetown
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Barrington | 3,113 | $216,250 | $690,900 | Compare |
| Gillespie | 3,118 | $76,806 | $89,500 | Compare |
| Carlyle | 3,134 | $67,083 | $151,900 | Compare |
| Momence | 3,076 | $52,048 | $159,600 | Compare |
| Knoxville | 3,137 | $80,385 | $139,900 | Compare |
| East Dundee | 3,156 | $87,102 | $260,000 | Compare |
| Holiday Shores | 3,162 | $98,265 | $231,300 | Compare |
| Sleepy Hollow | 3,165 | $147,407 | $365,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Georgetown With Other Cities
Frequently Asked Questions about Georgetown
What is the population of Georgetown, IL?
The population of Georgetown, IL is 3,105 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Georgetown?
The median household income in Georgetown, IL is $56,781 per year, which is 24% below the national median of $75,149.
What is the median home value in Georgetown?
The median home value in Georgetown, IL is $70,500, which is 71% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Georgetown?
The median monthly rent in Georgetown, IL is $729, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Georgetown?
The unemployment rate in Georgetown, IL is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Georgetown, IL a good place to live?
Georgetown offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,105 and a median age of 41.3, the city appeals to a broad range of residents.
How educated is Georgetown, IL?
14.8% of residents in Georgetown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Georgetown?
Key cost-of-living indicators for Georgetown, IL: median home value is $70,500 (71% below national), median rent is $729/month, and median household income is $56,781. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Georgetown?
The poverty rate in Georgetown, IL is 12.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Georgetown, IL?
Georgetown's population is 5.9% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 4.0% two or more races. 1.0% of residents are foreign-born.