Fort Wright 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 WrightKentuckyNational
Cost of living index9887100
IndexFort WrightKentuckyNational
Goods & Services index10097100
Groceries index9289100
Health care index9789100
Housing index10170100
Transportation index10097100
Utilities index9394100
A general summary of the cost of living index in Fort Wright, KY is shown above. Compared to the state average of Kentucky the cost of living index in Fort Wright, KY is 98, which is 13% higher than the average in Kentucky and compared to the national average it is 2% 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 Fort Wright, KY goods and services come in at 3% higher than the average in Kentucky and are equal to compared to the nationwide average.

Did you know?

  • The cost of living in Fort Wright is 13% higher than the Kentucky average.
  • The cost of living in Fort Wright is 2% lower than the national average.
  • The cost of housing in Fort Wright is 1% 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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Compare Fort Wright, KY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Fort Wright, KY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Fort Wright, KY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fort Wright, KY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$80,943$6,745$1,889$2,429
Renters$45,227$3,769$1,055$1,357
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fort Wright, 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 Wright, KY homeowners, is $80,943. This would allow for a maximum of $1,889 per month to be spent on housing costs. For renters, the median monthly income is $45,227 which would result in a maximum of $1,055 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 Fort Wright, 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

ItemFort WrightNational avg.Difference
Haircut $13.84$15.5611.1%
Beauty Salon $31.76$36.1112.0%
Toothpaste $2.36$2.474.4%
Shampoo $0.79$0.9618.5%
Movie $10.51$10.133.8%
Bowling $4.58$4.743.4%

Groceries

ItemFort WrightNational avg.Difference
Ground Beef $3.61$3.989.5%
Fried Chicken $1.41$1.410.2%
Milk $1.46$2.0629.1%
Potatoes $2.68$2.9810.0%
Pizza $8.49$9.4710.4%
Beer $8.18$8.796.9%

Health Care

ItemFort WrightNational avg.Difference
Optometrist $90.37$101.0410.6%
Doctor $103.24$107.443.9%
Dentist $87.72$90.423.0%
Ibuprofen $8.33$9.2810.2%
Lipitor $433.67$426.501.7%

Housing

ItemFort WrightNational avg.Difference
Home Price $184,800.00$175,700.005.2%
Avg. Mortgage Payment $805.19$1,133.2328.9%
Apartment Rent $841.00$920.008.6%

Transportation

ItemFort WrightNational avg.Difference
Gasoline $2.04$1.992.6%
Tire Balancing $43.48$45.765.0%

Utilities

ItemFort WrightNational avg.Difference
All Electricity$163.52$163.810.2%
Phone $23.66$28.3916.7%
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.
Plainville, OH1197-3%
Elizabethtown, OH30276-24%
Elmwood Place, OH1,88781-19%
Lincoln Heights, OH3,34883-17%
Fairview city, KY16683-17%
Fort Wright, KY5,72698-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Milan, MI5,72493-7%
Nazareth, PA5,7231044%
Monaca, PA5,72184-16%
Plymouth Meeting, PA5,72112929%
Deer Park, OH5,72090-10%
Fort Wright, KY5,72698-2%
Source: The Fort Wright, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.