Homes for Rent in Georgetown, KY: What You Need to Know
Georgetown, a city in north-central Kentucky, is home to Toyota’s largest vehicle manufacturing plant in the world. It produces up to 550,000 vehicles and more than 600,000 engines every year.
Toyota Motor Manufacturing, Kentucky, is the city’s largest employer, with more than 8,000 employees. The facility occupies more than 1,300 acres of land. It manufactures the Camry, one of America’s best-selling cars, as well as Camry Hybrid, Avalon, Avalon Hybrid, and Lexus ES 350. Over 11 million vehicles have rolled off the Georgetown assembly lines since the plant’s establishment in 1988. Other major employers include Scott County Public Schools, Adient US LLC (Johnson Controls), Ryder Integrated Logistics Inc. (real estate), and Georgetown Community Hospital.
Elijah Craig, an entrepreneurial Baptist preacher from Virginia, founded the town initially called Lebanon. It was incorporated in 1784. The name was changed to George Town in 1790 in honor of President George Washington. Craig is credited with establishing the first saw, grist, and paper mills in Kentucky. He also invented bourbon whiskey in downtown Georgetown in 1789.
Schools and Education
Georgetown College (1,608 students) is a private, four-year liberal arts college. It offers 35 undergraduate degrees concentrated into 31 majors. The Christian college was founded in 1829. Georgetown’s 15 public schools (8,906 students) boast of an average math proficiency score of 48% versus the state’s public school average of 47% and a reading proficiency score of 59% compared with the Kentucky average of 56%.
Cost of Living
Georgetown, the seat of Scott County, is home to 34,992 people. Your dollar will go far here, thanks to a cost of living rate that’s 7.9% lower than the national average. Food and housing are also inexpensive – 25.1% and 34.8% lower than the national average respectively. The median gross rent is $889. The Bluegrass State is one of the few states in America that levies an inheritance tax. It collects 5% in income tax and 6% in sales tax.
Know Your Neighborhoods
If you’re longing for “Old Kentucky Home” as the song goes, you can’t choose a better place than Georgetown. It offers the best of country living, according to residents. They especially love the picture-perfect downtown and the scenic trails. Toyota has a major influence on all aspects of community life, with some residents noting how quickly Georgetown is growing because of the company. The city’s public schools are as good as they come in the region. The schools in Sadieville and Stamping Ground, both in Scott County, have similar rankings.