Cynthiana 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.
IndexCynthianaKentuckyNational
Cost of living index8388100
IndexCynthianaKentuckyNational
Goods & Services index10195100
Groceries index9696100
Health care index9495100
Housing index5470100
Transportation index9597100
Utilities index8092100
Displayed above is a general overview of the Cynthiana, KY cost of living index. The overall cost of living index in Cynthiana, KY is 83, which is 5% lower than the Kentucky average and 17% 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 Cynthiana, KY are 6% higher than the Kentucky average and 1% higher than the national average.

Did you know?

  • The cost of living in Cynthiana is 5% lower than the Kentucky average.
  • The cost of living in Cynthiana is 17% lower than the national average.
  • The cost of housing in Cynthiana 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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Compare Cynthiana, KY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Cynthiana, 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 Cynthiana, KY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Cynthiana, 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$38,882$3,240$907$1,167
Renters$17,564$1,464$410$527
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Cynthiana, KY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Cynthiana, KY homeowners, is $38,882. This would allow for a maximum of $907 per month to be spent on housing costs. For renters, the median monthly income is $17,564 which would result in a maximum of $410 to be spent on rental costs.

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 Cynthiana, 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

ItemCynthianaNational avg.Difference
Haircut $15.20$14.594.2%
Beauty Salon $43.80$34.6826.3%
Toothpaste $2.09$2.4715.5%
Shampoo $0.87$1.0214.9%
Movie $8.10$9.8717.9%
Bowling $4.15$4.395.5%

Groceries

ItemCynthianaNational avg.Difference
Ground Beef $5.13$4.4814.6%
Fried Chicken $1.60$1.469.3%
Milk $2.44$2.363.5%
Potatoes $2.52$3.0617.7%
Pizza $9.10$9.241.5%
Beer $8.11$8.636.1%

Health Care

ItemCynthianaNational avg.Difference
Optometrist $77.80$99.7822.0%
Doctor $93.67$105.0310.8%
Dentist $81.75$88.707.8%
Ibuprofen $8.13$9.4113.6%
Lipitor $319.69$298.507.1%

Housing

ItemCynthianaNational avg.Difference
Home Price $91,100.00$175,700.0048.2%
Avg. Mortgage Payment $725.81$1,081.0332.9%
Apartment Rent $528.00$920.0042.6%

Transportation

ItemCynthianaNational avg.Difference
Gasoline $2.06$2.091.4%
Tire Balancing $37.95$45.2916.2%

Utilities

ItemCynthianaNational avg.Difference
All Electricity$142.30$170.8016.7%
Phone $21.09$28.2625.4%
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.
Corinth, KY31080-20%
Mount Olivet, KY35081-19%
Carlisle, KY2,13581-19%
Millersburg, KY84382-18%
Berry, KY24382-18%
Cynthiana, KY6,38883-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Macclenny, FL6,38795-5%
East Farmingdale, NY6,38914545%
Princeton, WV6,38785-15%
Roosevelt, UT6,39097-3%
South Weber, UT6,38611010%
Cynthiana, KY6,38883-17%
Source: The Cynthiana, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.