Bardstown 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.
IndexBardstownKentuckyNational
Cost of living index8888100
IndexBardstownKentuckyNational
Goods & Services index10295100
Groceries index9696100
Health care index9095100
Housing index6370100
Transportation index10597100
Utilities index8892100
A general summary of the cost of living index in Bardstown, KY is shown above. Compared to the state average of Kentucky the cost of living index in Bardstown, KY is 88, which is equal to the average in Kentucky and compared to the national average it is 12% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Bardstown, KY goods and services come in at 7% higher than the average in Kentucky and are 2% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Bardstown is equal to the Kentucky average.
  • The cost of living in Bardstown is 12% lower than the national average.
  • The cost of housing in Bardstown is 37% 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 allows you to compare how much your current salary in Bardstown, KY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Bardstown, KY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Bardstown, KY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,114$3,926$1,099$1,414
Renters$20,361$1,697$475$611
One can approximate the cost of living and the housing affordability in Bardstown, KY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Bardstown, KY have a median income of $47,114. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,099 per month to avoid calamity and poverty. The renters in the city have an income of about $20,361, which would make their monthly maximum allowable rental costs $475.

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 Bardstown, 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

ItemBardstownNational avg.Difference
Haircut $12.80$14.5912.3%
Beauty Salon $35.33$34.681.9%
Toothpaste $2.31$2.476.6%
Shampoo $0.93$1.029.0%
Movie $9.25$9.876.3%
Bowling $4.25$4.393.2%

Groceries

ItemBardstownNational avg.Difference
Ground Beef $3.97$4.4811.3%
Fried Chicken $1.28$1.4612.6%
Milk $2.01$2.3614.7%
Potatoes $3.01$3.061.7%
Pizza $10.00$9.248.2%
Beer $8.85$8.632.5%

Health Care

ItemBardstownNational avg.Difference
Optometrist $82.50$99.7817.3%
Doctor $88.50$105.0315.7%
Dentist $88.40$88.700.3%
Ibuprofen $8.91$9.415.3%
Lipitor $246.60$298.5017.4%

Housing

ItemBardstownNational avg.Difference
Home Price $103,500.00$175,700.0041.1%
Avg. Mortgage Payment $835.10$1,081.0322.7%
Apartment Rent $659.00$920.0028.4%

Transportation

ItemBardstownNational avg.Difference
Gasoline $2.21$2.095.9%
Tire Balancing $46.40$45.292.5%

Utilities

ItemBardstownNational avg.Difference
All Electricity$126.60$170.8025.9%
Phone $30.22$28.266.9%
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.
Boston, KY49978-22%
Chaplin, KY38280-20%
Fairfield, KY11783-17%
Springfield, KY2,57882-18%
New Hope, KY21385-15%
Bardstown, KY12,83388-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Malibu, CA12,830215115%
Conneaut, OH12,83678-22%
Tucson Estates, AZ12,82990-10%
Derby, CT12,83712121%
Dover, OH12,83989-11%
Bardstown, KY12,83388-12%
Source: The Bardstown, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.