Georgetown, MN
Population 63 · Minnesota
About Georgetown, MN
Georgetown is a small community located in Minnesota with a population of 63 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,750 per year, which is 35% below the national median of $75,149. The median age of 40.8 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 $107,100, which is 56% 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 $0, 100% below the national average of $1,163/month. Of the 44 total housing units, 100% are owner-occupied (36 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Georgetown shows an unemployment rate of 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Georgetown have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
12.2% 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 9.5% White, 12.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Georgetown, MN
Compared to national averages, Georgetown has a median household income of $48,750 (35% below the national median of $75,149). Home values average $107,100, which is 56% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Georgetown's income is 34% below the state average of $74,221, and home values are 48% below the state median of $204,472.
Why Live in Georgetown, MN?
Georgetown offers affordable housing with a median home value of $107,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 4.8%, better than the national average. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($48,750) 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 63 with a median age of 40.8 years. Compare Georgetown with other cities to see how it stacks up, or explore all cities in Minnesota.
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Cities in Minnesota with a similar population size.
Demographics
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Economy & Education
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Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Georgetown
What is the population of Georgetown, MN?
The population of Georgetown, MN is 63 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Georgetown?
The median household income in Georgetown, MN is $48,750 per year, which is 35% below the national median of $75,149.
What is the median home value in Georgetown?
The median home value in Georgetown, MN is $107,100, which is 56% 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, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Georgetown?
The unemployment rate in Georgetown, MN is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Georgetown, MN a good place to live?
Georgetown offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 63 and a median age of 40.8, the city appeals to a broad range of residents.
How educated is Georgetown, MN?
12.2% 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, MN: median home value is $107,100 (56% below national), median rent is $0/month, and median household income is $48,750. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Georgetown?
The poverty rate in Georgetown, MN is 4.8%, 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, MN?
Georgetown's population is 9.5% White, 12.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.