Buckner 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.
IndexBucknerKentuckyNational
Cost of living index11587100
IndexBucknerKentuckyNational
Goods & Services index9697100
Groceries index8589100
Health care index8989100
Housing index16670100
Transportation index9897100
Utilities index9094100
Displayed above is a general overview of the Buckner, KY cost of living index. The overall cost of living index in Buckner, KY is 115, which is 32% higher than the Kentucky average and 15% higher 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 Buckner, KY are 1% lower than the Kentucky average and 4% lower than the national average.

Did you know?

  • The cost of living in Buckner is 32% higher than the Kentucky average.
  • The cost of living in Buckner is 15% higher than the national average.
  • The cost of housing in Buckner is 66% higher 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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Groceries index
Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Buckner, 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 Buckner, KY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Buckner, 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$131,875$10,990$3,077$3,957
Renters$9,975$831$233$299
If you want to find a good determining factor for the cost of living and the general affordability of housing in Buckner, KY, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Buckner, KY, the median monthly income is $131,875 for those who own their own homes. Under the standard rule, that income level would allow for $3,077 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $9,975, per the median income in the area. That would allow for renters to spend up to $233 on monthly rental expenses.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%
When you are determining the total cost of living in Buckner, KY you will want to make sure you consider both the Kentucky sales tax and the Kentucky income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Kentucky is 6%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Kentucky have a range from 2% to 6%.

Goods & Services

ItemBucknerNational avg.Difference
Haircut $13.10$15.5615.8%
Beauty Salon $36.00$36.110.3%
Toothpaste $2.20$2.4710.9%
Shampoo $0.93$0.963.6%
Movie $9.25$10.138.7%
Bowling $4.13$4.7412.7%

Groceries

ItemBucknerNational avg.Difference
Ground Beef $4.12$3.983.5%
Fried Chicken $1.31$1.416.9%
Milk $2.20$2.066.4%
Potatoes $2.76$2.987.4%
Pizza $10.00$9.475.6%
Beer $8.74$8.790.6%

Health Care

ItemBucknerNational avg.Difference
Optometrist $84.23$101.0416.6%
Doctor $90.58$107.4415.7%
Dentist $89.57$90.420.9%
Ibuprofen $8.72$9.286.0%
Lipitor $327.64$426.5023.2%

Housing

ItemBucknerNational avg.Difference
Home Price $328,900.00$175,700.0087.2%
Avg. Mortgage Payment $846.28$1,133.2325.3%
Apartment Rent $1,075.00$920.0016.8%

Transportation

ItemBucknerNational avg.Difference
Gasoline $1.94$1.992.7%
Tire Balancing $45.87$45.760.2%

Utilities

ItemBucknerNational avg.Difference
All Electricity$128.25$163.8121.7%
Phone $30.22$28.396.5%
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.
Bedford, KY68781-19%
West Buechel, KY1,24581-19%
Smithfield, KY6683-17%
Eminence, KY2,50583-17%
Watterson Park, KY1,50084-16%
Buckner, KY5,53911515%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pelham Manor, NY5,53918585%
Cumming, GA5,53898-2%
Yoakum, TX5,54079-21%
Woodland, WA5,5351077%
Groveport, OH5,53590-10%
Buckner, KY5,53911515%
Source: The Buckner, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.