Georgetown is a city in South Carolina state in USA with a population of 8884 residents.. The poverty rate of Georgetown is 22%, which is 57% higher than national average. The typical household in Georgetown earns $37323 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 62.4% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Georgetown are struggling financially. Nearly one in every 1 in every 9 workers in Georgetown is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Georgetown, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Georgetown remained 11.4%, which is 143% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Georgetown, only 22% of adults have a bachelor's degree and 35% have some college but no degree.

Cost of living in Georgetown is 91, which is 9% lower than national average. Median home value in Georgetown is $160900 , which is 30% lower than national average. While median income in Georgetown remained $37323, which is 45% lower than national average.