Georgetown, Texas Demographics
Georgetown is the county seat for Williamson County, one of the fastest growing areas in the country. From 1990 to 2000, Georgetown's population doubled, with just over 47,000 people living within the city limits. Estimates place the population well over 80,000 by 2015. From 2000 to 2007, Williamson County's population estimates increased from 249,967 to 373,363—a 49.4% growth rate. The Austin MSA, which includes Georgetown and Williamson County, is expected to exceed two million people by 2020.
With a strong economy and a highly educated, professional workforce, the average household income within Georgetown's city limits is $91,781. Many of the region's largest employers, including Dell Computers, St. David's Healthcare, IBM Corp., Texas State University, the University of Texas and the State of Texas are all within short driving distance, ensuring steady employment throughout the development's target market. In addition, two major hospital groups, Seton and Scott & White, have just opened new facilities just outside of Georgetown's ETJ, and Texas A&M University has just broken ground on a new medical school in the same area.
Georgetown's age distribution is also well-suited for a high-end development project. Recently named the best place in the US to retire, 17.7% of the city's population is over the age of 65—a major target for the development's residential condos and health and wellness services. More than 65% of Georgetown residents are over the age of 25, providing a strong foundation of working professionals as potential patrons, residents and employees.