Fort Knox 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.
IndexFort KnoxKentuckyNational
Cost of living index10487100
IndexFort KnoxKentuckyNational
Goods & Services index9697100
Groceries index8589100
Health care index8989100
Housing index12970100
Transportation index9897100
Utilities index9094100
A general summary of the cost of living index in Fort Knox, KY is shown above. Compared to the state average of Kentucky the cost of living index in Fort Knox, KY is 104, which is 19% higher than the average in Kentucky and compared to the national average it is 4% higher 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 Fort Knox, KY goods and services come in at 1% lower than the average in Kentucky and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Fort Knox is 19% higher than the Kentucky average.
  • The cost of living in Fort Knox is 4% higher than the national average.
  • The cost of housing in Fort Knox is 29% 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

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Fort Knox, KY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Fort Knox, KY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Fort Knox, KY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$0$0$0$0
Renters$50,746$4,229$1,184$1,523
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fort Knox, 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 Fort Knox, KY homeowners, is $0. This would allow for a maximum of $0 per month to be spent on housing costs. For renters, the median monthly income is $50,746 which would result in a maximum of $1,184 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%
When you are determining the total cost of living in Fort Knox, 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

ItemFort KnoxNational 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

ItemFort KnoxNational 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

ItemFort KnoxNational 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

ItemFort KnoxNational avg.Difference
Home Price $0.00$175,700.00100.0%
Avg. Mortgage Payment $846.28$1,133.2325.3%
Apartment Rent $1,184.00$920.0028.7%

Transportation

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

Utilities

ItemFort KnoxNational 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.
Ekron, KY12878-22%
Laconia, IN7479-21%
Mauckport, IN5479-21%
Muldraugh, KY1,17380-20%
West Point, KY90182-18%
Fort Knox, KY10,2401044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bel Air town, MD10,24011414%
Silver City, NM10,24593-7%
Smithfield, UT10,23397-3%
Watervliet, NY10,2501000%
Beecher, MI10,23086-14%
Fort Knox, KY10,2401044%
Source: The Fort Knox, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.