Greenville 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.
IndexGreenvilleKentuckyNational
Cost of living index8288100
IndexGreenvilleKentuckyNational
Goods & Services index8795100
Groceries index9596100
Health care index9495100
Housing index5670100
Transportation index9697100
Utilities index10692100
An overview of the general cost of living index for Greenville, KY is displayed above for your reference. Residents in Greenville, KY enjoy a cost of living index of 82. This index is 7% lower than the Kentucky average, and 18% 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 Greenville, KY, the average cost of goods and services is 9% lower than it is in Kentucky, and it is 13% lower than the national average.

Did you know?

  • The cost of living in Greenville is 7% lower than the Kentucky average.
  • The cost of living in Greenville is 18% lower than the national average.
  • The cost of housing in Greenville is 44% 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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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 allows you to compare how much your current salary in Greenville, KY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Greenville, KY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Greenville, KY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,444$4,537$1,270$1,633
Renters$16,774$1,398$391$503
One can approximate the cost of living and the housing affordability in Greenville, KY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Greenville, KY have a median income of $54,444. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,270 per month to avoid calamity and poverty. The renters in the city have an income of about $16,774, which would make their monthly maximum allowable rental costs $391.

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 Greenville, 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

ItemGreenvilleNational avg.Difference
Haircut $15.00$14.592.8%
Beauty Salon $20.00$34.6842.3%
Toothpaste $2.66$2.477.6%
Shampoo $0.90$1.0211.9%
Movie $7.50$9.8724.0%
Bowling $4.00$4.398.9%

Groceries

ItemGreenvilleNational avg.Difference
Ground Beef $5.03$4.4812.4%
Fried Chicken $1.44$1.461.6%
Milk $2.69$2.3614.1%
Potatoes $2.54$3.0617.0%
Pizza $7.99$9.2413.6%
Beer $8.16$8.635.5%

Health Care

ItemGreenvilleNational avg.Difference
Optometrist $85.00$99.7814.8%
Doctor $99.00$105.035.7%
Dentist $83.33$88.706.1%
Ibuprofen $7.87$9.4116.4%
Lipitor $292.22$298.502.1%

Housing

ItemGreenvilleNational avg.Difference
Home Price $99,000.00$175,700.0043.7%
Avg. Mortgage Payment $911.49$1,081.0315.7%
Apartment Rent $521.00$920.0043.4%

Transportation

ItemGreenvilleNational avg.Difference
Gasoline $1.96$2.096.5%
Tire Balancing $45.67$45.290.8%

Utilities

ItemGreenvilleNational avg.Difference
All Electricity$203.00$170.8018.9%
Phone $24.95$28.2611.7%
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.
McHenry, KY44776-24%
Rockport, KY31076-24%
Sacramento, KY48879-21%
Dunmor, KY29077-23%
Centertown, KY32077-23%
Greenville, KY4,44282-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Summerville, GA4,44279-21%
Archer Lodge, NC4,44193-7%
Hearne, TX4,44379-21%
Farley, KY4,44380-20%
Jenkintown, PA4,44112121%
Greenville, KY4,44282-18%
Source: The Greenville, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.