Ashland 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.
IndexAshlandKentuckyNational
Cost of living index8288100
IndexAshlandKentuckyNational
Goods & Services index9695100
Groceries index9096100
Health care index9795100
Housing index5470100
Transportation index8397100
Utilities index9692100
Displayed above is a general overview of the Ashland, KY cost of living index. The overall cost of living index in Ashland, KY is 82, which is 7% lower than the Kentucky average and 18% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Ashland, KY are 1% higher than the Kentucky average and 4% lower than the national average.

Did you know?

  • The cost of living in Ashland is 7% lower than the Kentucky average.
  • The cost of living in Ashland is 18% lower than the national average.
  • The cost of housing in Ashland is 46% 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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Goods & Services index
Groceries index
Health care index
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Use the salary calculator to compare your current salary in Ashland, KY to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Ashland, KY, then you would need to earn more income in order to maintain the same standard of living. To use the Ashland, KY salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,786$4,482$1,255$1,614
Renters$17,825$1,485$416$535
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 Ashland, 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. Ashland, KY has a median income of about $53,786 for people who own homes. Based on that number, a person should spend a maximum of $1,255 on expenses related to housing. Renters have a slightly different median income, which is $17,825. Based on this average, renters should spend no more than $416 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%
When considering the overall cost of living expenses in Ashland, KY, it's important to take into account the sales tax for Kentucky, as well as the rate for income tax in Kentucky. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Kentucky is 6%, and the sales tax in the state of Kentucky is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Kentucky starts from 2% and goes up to 6%.

Goods & Services

ItemAshlandNational avg.Difference
Haircut $11.20$14.5923.3%
Beauty Salon $33.20$34.684.3%
Toothpaste $1.78$2.4728.0%
Shampoo $0.91$1.0211.0%
Movie $9.31$9.875.7%
Bowling $4.25$4.393.2%

Groceries

ItemAshlandNational avg.Difference
Ground Beef $4.73$4.485.7%
Fried Chicken $1.17$1.4620.1%
Milk $1.88$2.3620.2%
Potatoes $2.37$3.0622.6%
Pizza $9.99$9.248.1%
Beer $7.99$8.637.4%

Health Care

ItemAshlandNational avg.Difference
Optometrist $59.90$99.7840.0%
Doctor $111.67$105.036.3%
Dentist $94.00$88.706.0%
Ibuprofen $7.49$9.4120.4%
Lipitor $267.15$298.5010.5%

Housing

ItemAshlandNational avg.Difference
Home Price $89,900.00$175,700.0048.8%
Avg. Mortgage Payment $836.00$1,081.0322.7%
Apartment Rent $566.00$920.0038.5%

Transportation

ItemAshlandNational avg.Difference
Gasoline $1.75$2.0916.6%
Tire Balancing $36.75$45.2918.8%

Utilities

ItemAshlandNational avg.Difference
All Electricity$161.00$170.805.7%
Phone $27.99$28.260.9%
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.
Catlettsburg, KY1,87579-21%
Kenova, WV3,15180-20%
Wurtland, KY89479-21%
Coal Grove, OH2,12780-20%
Westwood, KY4,65581-19%
Ashland, KY21,55182-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oxford, OH21,55290-10%
Ramona, CA21,57813333%
Clarksville, IN21,57990-10%
Sunny Isles Beach, FL21,58312121%
Bay Point, CA21,58611313%
Ashland, KY21,55182-18%
Source: The Ashland, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.