Hendron 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.
IndexHendronKentuckyNational
Cost of living index8988100
IndexHendronKentuckyNational
Goods & Services index9295100
Groceries index9396100
Health care index9295100
Housing index7570100
Transportation index9297100
Utilities index11492100
The above illustration supplies generalized information for the Hendron, KY cost of living index. Compared to other cities in Kentucky and cities across the country, the cost of living index in Hendron, KY is 89, which is 2% higher than the Kentucky average and 11% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Hendron, KY are 4% lower than the average for Kentucky and 8% lower than the rest of the country.

Did you know?

  • The cost of living in Hendron is 2% higher than the Kentucky average.
  • The cost of living in Hendron is 11% lower than the national average.
  • The cost of housing in Hendron is 25% 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 Hendron, 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 meant to help you compare your salary in Hendron, 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 Hendron, KY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Hendron, 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$55,558$4,630$1,296$1,667
Renters$36,958$3,080$862$1,109
If you want to find a good determining factor for the cost of living and the general affordability of housing in Hendron, 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 Hendron, KY, the median monthly income is $55,558 for those who own their own homes. Under the standard rule, that income level would allow for $1,296 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,958, per the median income in the area. That would allow for renters to spend up to $862 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%
When assessing the complete cost of living in Hendron, KY, the Kentucky income tax and the Kentucky sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Kentucky maximum surtax is 6%, and the Kentucky sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 6% in Kentucky.

Goods & Services

ItemHendronNational avg.Difference
Haircut $15.17$14.594.0%
Beauty Salon $34.60$34.680.2%
Toothpaste $1.76$2.4728.8%
Shampoo $0.75$1.0226.6%
Movie $9.84$9.870.3%
Bowling $2.92$4.3933.5%

Groceries

ItemHendronNational avg.Difference
Ground Beef $3.73$4.4816.7%
Fried Chicken $1.33$1.469.2%
Milk $2.01$2.3614.7%
Potatoes $3.18$3.063.9%
Pizza $8.16$9.2411.7%
Beer $8.14$8.635.7%

Health Care

ItemHendronNational avg.Difference
Optometrist $107.00$99.787.2%
Doctor $93.00$105.0311.5%
Dentist $75.67$88.7014.7%
Ibuprofen $8.78$9.416.7%
Lipitor $301.70$298.501.1%

Housing

ItemHendronNational avg.Difference
Home Price $135,400.00$175,700.0022.9%
Avg. Mortgage Payment $937.81$1,081.0313.2%
Apartment Rent $647.00$920.0029.7%

Transportation

ItemHendronNational avg.Difference
Gasoline $1.91$2.098.7%
Tire Balancing $43.12$45.294.8%

Utilities

ItemHendronNational avg.Difference
All Electricity$182.62$170.806.9%
Phone $35.01$28.2623.9%
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.
Lowes, KY1041011%
Lovelaceville, KY23480-20%
Joppa, IL31978-22%
Brookport, IL92479-21%
Kevil, KY34379-21%
Hendron, KY4,36589-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
San Carlos, AZ4,36578-22%
Copperopolis, CA4,36512020%
Honesdale, PA4,3641011%
Pine Manor, FL4,36386-14%
South Haven, MI4,36794-6%
Hendron, KY4,36589-11%
Source: The Hendron, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.