Georgetown is a medium-sized city located in the state of Texas. With a population of 74,180 people and 17 constituent neighborhoods, Georgetown is the 64th largest community in Texas. Much of the housing stock in Georgetown was built relatively recently. The construction of new real estate can often be taken as an indication that the local Georgetown economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Georgetown, where the median household income is $71,410.00.
Georgetown real estate is some of the most expensive in Texas, although Georgetown house values don't compare to the most expensive real estate in the U.S.
Georgetown is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Georgetown is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Georgetown who work in sales jobs (12.26%), management occupations (11.98%), and office and administrative support (11.62%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.42% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Georgetown is one of the most well-educated cities in the nation. 41.21% of adults in Georgetown have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Georgetown in 2018 was $37,705, which is wealthy relative to Texas and the nation. This equates to an annual income of $150,820 for a family of four. However, Georgetown contains both very wealthy and poor people as well.
Georgetown is a very ethnically-diverse city. The people who call Georgetown home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Georgetown residents report their race to be White, followed by Black or African-American. Georgetown also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 20.96% of the city’s residents. Important ancestries of people in Georgetown include German, English, Irish, Italian, and French.
The most common language spoken in Georgetown is English. Other important languages spoken here include Spanish and German/Yiddish.