Georgetown is a larger medium-sized city located in the state of Texas. With a population of 86,507 people and 25 constituent neighborhoods, Georgetown is the 58th largest community in Texas. Georgetown has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Georgetown, where the median household income is $80,416.00.
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.
Also of interest is that Georgetown has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 15.19% 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.
The city of Georgetown is a decent size, but despite this, it doesn't have a viable public transit system that people can use to get to work.
The citizens of Georgetown are among the most well-educated in the nation: 45.89% of adults in Georgetown have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in Georgetown in 2018 was $41,908, which is wealthy relative to Texas and the nation. This equates to an annual income of $167,632 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 22.71% 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.