Elizabethtown 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.
IndexElizabethtownKentuckyNational
Cost of living index9488100
IndexElizabethtownKentuckyNational
Goods & Services index10295100
Groceries index9696100
Health care index9095100
Housing index8370100
Transportation index10597100
Utilities index8892100
An overview of the general cost of living index for Elizabethtown, KY is displayed above for your reference. Residents in Elizabethtown, KY enjoy a cost of living index of 94. This index is 7% higher than the Kentucky average, and 6% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Elizabethtown, KY, the average cost of goods and services is 7% higher than it is in Kentucky, and it is 2% higher than the national average.

Did you know?

  • The cost of living in Elizabethtown is 7% higher than the Kentucky average.
  • The cost of living in Elizabethtown is 6% lower than the national average.
  • The cost of housing in Elizabethtown is 17% 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 Elizabethtown, KY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Elizabethtown, 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 Elizabethtown, KY, then you would need to earn more income in order to maintain the same standard of living. To use the Elizabethtown, 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$69,306$5,776$1,617$2,079
Renters$29,078$2,423$678$872
If you want to find a good determining factor for the cost of living and the general affordability of housing in Elizabethtown, 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 Elizabethtown, KY, the median monthly income is $69,306 for those who own their own homes. Under the standard rule, that income level would allow for $1,617 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $29,078, per the median income in the area. That would allow for renters to spend up to $678 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%
The Kentucky sales tax and Kentucky income tax rates should definitely be considered when determining the overall cost of living in Elizabethtown, 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

ItemElizabethtownNational 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

ItemElizabethtownNational 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

ItemElizabethtownNational 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

ItemElizabethtownNational avg.Difference
Home Price $151,500.00$175,700.0013.8%
Avg. Mortgage Payment $835.10$1,081.0322.7%
Apartment Rent $698.00$920.0024.1%

Transportation

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

Utilities

ItemElizabethtownNational 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%
Hodgenville, KY3,23684-16%
Buffalo, KY53585-15%
Lebanon Junction, KY1,81487-13%
Radcliff, KY22,93990-10%
Elizabethtown, KY29,46494-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Burton, MI29,42983-17%
Mehlville, MO29,41395-5%
San Pablo, CA29,51611515%
Raytown, MO29,52088-12%
Marion, IN29,40379-21%
Elizabethtown, KY29,46494-6%
Source: The Elizabethtown, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.