Alexandria cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAlexandriaKentuckyNational
Cost of living index9188100
IndexAlexandriaKentuckyNational
Goods & Services index9195100
Groceries index9696100
Health care index10495100
Housing index8670100
Transportation index9497100
Utilities index9492100
A general overview of the cost of living index for Alexandria, KY is displayed above. In Alexandria, KY, the overall cost of living index is 91, which is 4% higher than the Kentucky average and 9% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Alexandria, KY, the city's goods and services are 5% lower than the Kentucky average and 9% lower than the U.S. average.

Did you know?

  • The cost of living in Alexandria is 4% higher than the Kentucky average.
  • The cost of living in Alexandria is 9% lower than the national average.
  • The cost of housing in Alexandria is 14% lower than the national average.
  • Kentucky general sales tax is 18% higher than the national average.
  • Kentucky state income tax is 10% lower than the national average.

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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Alexandria, KY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Alexandria, KY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Alexandria, KY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$88,222$7,352$2,058$2,647
Renters$26,875$2,240$627$806
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Alexandria, KY, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Alexandria, KY has a median income of about $88,222 for people who own homes. Based on that number, a person should spend a maximum of $2,058 on expenses related to housing. Renters have a slightly different median income, which is $26,875. Based on this average, renters should spend no more than $627 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%
The Kentucky sales tax and Kentucky income tax rates should definitely be considered when determining the overall cost of living in Alexandria, KY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Kentucky sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Kentucky income tax rates range from 2% to 6%.

Goods & Services

ItemAlexandriaNational avg.Difference
Haircut $10.50$14.5928.0%
Beauty Salon $33.40$34.683.7%
Toothpaste $3.41$2.4737.9%
Shampoo $0.84$1.0217.8%
Movie $10.17$9.873.1%
Bowling $4.13$4.396.0%

Groceries

ItemAlexandriaNational avg.Difference
Ground Beef $4.50$4.480.5%
Fried Chicken $1.29$1.4611.9%
Milk $2.74$2.3616.3%
Potatoes $2.58$3.0615.7%
Pizza $8.99$9.242.7%
Beer $8.75$8.631.4%

Health Care

ItemAlexandriaNational avg.Difference
Optometrist $108.00$99.788.2%
Doctor $96.40$105.038.2%
Dentist $103.33$88.7016.5%
Ibuprofen $8.29$9.4111.9%
Lipitor $306.62$298.502.7%

Housing

ItemAlexandriaNational avg.Difference
Home Price $154,300.00$175,700.0012.2%
Avg. Mortgage Payment $761.82$1,081.0329.5%
Apartment Rent $759.00$920.0017.5%

Transportation

ItemAlexandriaNational avg.Difference
Gasoline $1.91$2.098.6%
Tire Balancing $45.29$45.290.0%

Utilities

ItemAlexandriaNational avg.Difference
All Electricity$144.76$170.8015.2%
Phone $30.01$28.266.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Plainville, OH1196-4%
Butler, KY51380-20%
Moscow, OH12580-20%
Fairview city, KY16680-20%
Neville, OH9481-19%
Alexandria, KY8,65491-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Independence, OR8,6541066%
Half Moon, NC8,65598-2%
Harwood Heights, IL8,65611515%
Trinidad, CO8,65785-15%
Thief River Falls, MN8,66286-14%
Alexandria, KY8,65491-9%
Source: The Alexandria, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.