Cost of Living in Georgetown: What to Expect

Thinking about a move to Georgetown and trying to pin down the real numbers? You’re not alone. Between housing choices, property taxes, utilities, and commuting, the total cost can feel like a puzzle. This guide breaks down each expense category, shows you simple formulas to estimate your monthly budget, and highlights the local factors that move the needle in Georgetown. Let’s dive in.

Housing costs in Georgetown

Housing will likely be your biggest expense. Prices and rents reflect Georgetown’s proximity to Austin, the neighborhood you choose, and the type of community you prefer, such as master‑planned areas, historic downtown streets, or active‑adult developments like Sun City Texas.

If you buy

Buying includes more than a mortgage payment. Here’s how to build a realistic monthly estimate:

• Step 1: Estimate your mortgage payment. Your monthly principal and interest depend on loan amount, interest rate, and term. A mortgage calculator can help you run scenarios.
• Step 2: Estimate property taxes. These are based on the appraised value times the total local tax rate. Texas offers residence homestead exemptions that reduce taxable value. Over‑65 and disabled exemptions may also apply. Check the Williamson County Appraisal District and tax office for current rates and exemption details.
• Step 3: Price homeowners insurance. Premiums reflect the home’s replacement cost, age, and local risk factors.
• Step 4: Include HOA, MUD, or community fees. Many master‑planned and new‑build neighborhoods, including some active‑adult communities, have recurring fees.
• Step 5: Add utilities and maintenance. Budget about 1% to 3% of home value per year for upkeep. Older homes or large lots may trend higher.
• Step 6: Remember one‑time costs. Closing costs can include title, appraisal, lender fees, and escrows. Moving costs vary by distance and services.

Monthly housing cost (ownership) = principal and interest + (annual property tax ÷ 12) + (annual homeowners insurance ÷ 12) + HOA/MUD monthly + utilities monthly + maintenance reserve monthly.

If you rent

Rent varies by unit size, location, and amenities. Furnished units and amenity‑rich communities often command higher prices. Plan for:

• Monthly rent by unit type and community features.
• Security deposit and any application or admin fees.
• Renter’s insurance and utilities not included in rent.

Comparing rent to ownership means weighing more than the monthly price. Ownership includes taxes, insurance, fees, and maintenance, while rent can offer flexibility and fewer surprise costs.

Property taxes in Williamson County

Texas has no state income tax, so property taxes fund much of your local services. In Williamson County, your tax bill is built from multiple local units such as the city, county, school district, and special districts.

• Appraised value is determined by the appraisal district. Taxable value is your appraised value minus any exemptions.
• The tax bill equals the taxable value multiplied by the total tax rate. Rates are often expressed as a percentage or per $100 of value.
• Homestead, over‑65, and disabled exemptions can reduce taxable value. Exemption amounts and rules change, so confirm details with local authorities.
• Appraisals and tax rates can change year to year, which impacts your budget.

Utilities and energy

Georgetown’s utility setup can affect your monthly bills. The city’s municipal provider, Georgetown Utility Systems, services many homes for electricity, water, and sewer. Rate structures can include tiered pricing and fixed charges.

• Electricity: Expect summer spikes due to cooling needs. Energy plans and contract terms can influence cost.
• Water, sewer, and garbage: These are often billed monthly by the city or a third party. Some communities use municipal utility districts and may include separate fees for irrigation.
• Internet and cable: Providers and prices vary by neighborhood and speed. Bundle options may add savings.

Tip: Ask for a 12‑month utility history from the seller, landlord, or property manager to build a seasonally accurate estimate.

Transportation and commuting

Georgetown sits north of Austin in Williamson County. Many residents commute to Austin or nearby employment hubs. Your time and money costs will depend on your route and schedule.

• Major routes: I‑35, US‑183, and SH‑29 are common corridors that influence commute times.
• Driving costs: Include fuel, maintenance, insurance, parking, and tolls if you use them. Public transit is more limited than in dense urban areas.
• Time tradeoffs: Longer commutes can impact work‑life balance and vehicle wear.

Monthly commuting cost = (miles driven per month ÷ vehicle MPG × fuel price) + parking/tolls + maintenance estimate + any transit passes.

Everyday expenses

Day‑to‑day costs in Georgetown are generally aligned with the Austin metro. You will find a mix of supermarket chains, discount retailers, and local markets. Downtown Georgetown offers dining and entertainment, with more options across the Austin area.

• Sales tax: Texas has a state sales tax of 6.25%, and combined local rates can be up to 8.25% in many areas. This affects your cost of goods and dining out.
• Personal services: Prices vary by provider and location. Compare membership or subscription options where available.

Healthcare, childcare, education

• Healthcare: Georgetown has local hospitals and clinics. Your premiums, copays, and out‑of‑pocket costs will depend on your insurance network and plan.
• Childcare: Costs vary widely by program, hours, and location. Proximity to employment centers can affect availability.
• K–12 options: Georgetown Independent School District serves much of the area, along with private school choices. District boundaries and program offerings can influence home values. Always use neutral, verified information when comparing schools.

Insurance and other recurring costs

• Homeowners insurance: Premiums depend on replacement cost, roof age, and local claims history. Flood insurance may be required in designated flood zones.
• Auto insurance: Texas sets state minimums, but many drivers choose higher limits. Your commute and driving record influence your premium.
• Long‑term costs: Plan for property reassessments, potential special assessments, and municipal service increases over time.

Build your Georgetown budget

Use this simple checklist to personalize your monthly cost of living:

1. Choose your housing path. Are you buying or renting? Define your price range and community type.
2. Run the housing formula. Add principal and interest, monthly property tax and insurance, HOA/MUD fees, utilities, and a maintenance reserve.
3. Add utilities. Use a 12‑month history or a seasonal estimate for electricity, water, sewer, garbage, and internet.
4. Calculate commuting. Apply the commuting cost formula for fuel, parking or tolls, and maintenance.
5. List groceries and household supplies. Base this on your current spending and adjust for family size.
6. Add healthcare. Include premiums, average copays, prescriptions, and expected out‑of‑pocket costs.
7. Include childcare or education costs. Capture tuition, after‑school programs, and activities.
8. Budget for dining, entertainment, and personal care. Track memberships and subscriptions.
9. Plan savings and debt. Target emergency savings, retirement, and any loan payments.
10. Add a buffer. Leave room for seasonal swings and unexpected repairs.

Neighborhood and community factors

• Historic downtown: Walkable blocks and character homes can carry a premium, with variable renovation and maintenance needs.
• Master‑planned communities: Expect defined amenities and HOA rules, along with predictable community standards and fees.
• Active‑adult communities: Purpose‑built neighborhoods like Sun City Texas may include extensive amenities and structured fees.
• New development: Ongoing construction and new inventory can influence both home prices and rents over time.

How Bolanos Realty helps

You deserve a clear, local plan for your budget and your move. A team approach matters here. You get neighborhood‑level guidance, MLS‑driven pricing insight, and hands‑on support whether you are buying, selling, renting, or investing. From entry and mid‑market homes to land and rentals, the goal is to make each step efficient, transparent, and on your timeline.

Ready to run the numbers and tour the right neighborhoods for your budget? Schedule Your Free Consultation with Bolanos Realty.

FAQs

How much does it cost to buy a typical home in Georgetown?

• It depends on current prices, interest rates, and your down payment. Use the monthly housing formula to estimate your total payment and confirm live pricing with local MLS data or a consultation.

Are property taxes in Georgetown higher than nearby areas?

• Combined tax rates vary by city, county, and school district. Your effective tax depends on appraised value, exemptions, and the total rate. Check current figures with local taxing authorities.

Is renting in Georgetown cheaper than renting in Austin?

• Often, suburban rents compare favorably to downtown Austin, but exact costs depend on unit type, community amenities, and lease terms. Balance price with commute time and lifestyle.

How should I budget for utilities in Georgetown?

• Start with a 12‑month usage history if available. Plan for higher electricity use in summer, plus water, sewer, garbage, and internet based on your home size and habits.

Will living in Georgetown increase my commute costs?

• If you drive to Austin or other hubs, calculate costs with the commuting formula and factor in I‑35 or SH‑29 traffic patterns, fuel prices, and parking or tolls.

Do HOAs and MUDs add to monthly housing costs?

• Yes. Many master‑planned and new‑build communities have HOA or MUD fees. Confirm amounts and what they cover before you commit.