Lawrenceburg 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.
IndexLawrenceburgKentuckyNational
Cost of living index8887100
IndexLawrenceburgKentuckyNational
Goods & Services index10197100
Groceries index9089100
Health care index9589100
Housing index7170100
Transportation index9697100
Utilities index8794100
An overview of the general cost of living index for Lawrenceburg, KY is displayed above for your reference. Residents in Lawrenceburg, KY enjoy a cost of living index of 88. This index is 1% higher than the Kentucky average, and 12% 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 Lawrenceburg, KY, the average cost of goods and services is 3% higher than it is in Kentucky, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Lawrenceburg is 1% higher than the Kentucky average.
  • The cost of living in Lawrenceburg is 12% lower than the national average.
  • The cost of housing in Lawrenceburg is 29% 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
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Cost of living index
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Lawrenceburg, 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 Lawrenceburg, KY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Lawrenceburg, 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$57,853$4,821$1,350$1,736
Renters$33,339$2,778$778$1,000
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lawrenceburg, 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 Lawrenceburg, KY homeowners, is $57,853. This would allow for a maximum of $1,350 per month to be spent on housing costs. For renters, the median monthly income is $33,339 which would result in a maximum of $778 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 assessing the complete cost of living in Lawrenceburg, 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

ItemLawrenceburgNational avg.Difference
Haircut $16.00$15.562.8%
Beauty Salon $41.87$36.1116.0%
Toothpaste $2.05$2.4717.1%
Shampoo $0.86$0.9610.5%
Movie $8.99$10.1311.2%
Bowling $4.73$4.740.0%

Groceries

ItemLawrenceburgNational avg.Difference
Ground Beef $3.56$3.9810.7%
Fried Chicken $1.27$1.419.5%
Milk $1.41$2.0631.7%
Potatoes $2.78$2.986.7%
Pizza $8.96$9.475.4%
Beer $8.51$8.793.2%

Health Care

ItemLawrenceburgNational avg.Difference
Optometrist $78.32$101.0422.5%
Doctor $109.00$107.441.5%
Dentist $82.71$90.428.5%
Ibuprofen $8.16$9.2812.1%
Lipitor $422.30$426.501.0%

Housing

ItemLawrenceburgNational avg.Difference
Home Price $120,300.00$175,700.0031.5%
Avg. Mortgage Payment $912.59$1,133.2319.5%
Apartment Rent $713.00$920.0022.5%

Transportation

ItemLawrenceburgNational avg.Difference
Gasoline $2.00$1.990.4%
Tire Balancing $39.29$45.7614.1%

Utilities

ItemLawrenceburgNational avg.Difference
All Electricity$128.21$163.8121.7%
Phone $28.32$28.390.2%
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.
High Bridge, KY14682-18%
Salvisa, KY66984-16%
Versailles, KY8,90889-11%
Frankfort, KY27,38989-11%
Wilmore, KY5,99590-10%
Lawrenceburg, KY11,01488-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cheney, WA11,01499-1%
Troy, MO11,01592-8%
Mount Kisco, NY11,01614444%
Crestwood, IL11,0061033%
Vernon, TX11,00576-24%
Lawrenceburg, KY11,01488-12%
Source: The Lawrenceburg, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.