A search of the internet would answer your question: entering "Milky Way Galaxy" provided this link, although there were many more.
To quote from this work:
"Our solar system is thus situated within the outer regions of this galaxy, well within the disk and only about 20 light years above the equatorial symmetry plane but about 28,000 light years from the Galactic Center. Therefore, the Milky Way shows up as luminous band spanning all around the sky along this symmetry plane, which is also called the "Galactic Equator". Its center lies in the direction of the constellation Sagittarius, but very close to the border of both neighbor constellations Scorpius and Ophiuchus. The distance of 28,000 light years has recently (1997) been confirmed by the data of ESA's astrometric satellite Hipparcos. Other investigations published consequently have disputed this value and propose a smaller value of some 25,000 light years, based on stellar dynamics; a recent investigation (McNamara et.al 2000, based on RR Lyrae variables) yields roughly 26,000 light years. These data, if of significance, wouldn't immediately effect values for distances of particular objects in the Milky Way or beyond.
The solar system is situated within a smaller spiral arm, called the Local or Orion Arm, which is merely connection between the inner and outer next more massive arms, the Sagittarius Arm and the Perseus Arm; see our Milky Way Spiral Structure page."
I hope that helps?
Made it myself. We are 2/3rds the way out from the gallactic center. 
