London 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.
IndexLondonKentuckyNational
Cost of living index8787100
IndexLondonKentuckyNational
Goods & Services index10197100
Groceries index9089100
Health care index9589100
Housing index6870100
Transportation index9697100
Utilities index8794100
The above illustration supplies generalized information for the London, KY cost of living index. Compared to other cities in Kentucky and cities across the country, the cost of living index in London, KY is 87, which is equal to the Kentucky average and 13% 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 London, KY are 3% higher than the average for Kentucky and 1% higher than the rest of the country.

Did you know?

  • The cost of living in London is equal to the Kentucky average.
  • The cost of living in London is 13% lower than the national average.
  • The cost of housing in London is 32% 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
Use the salary calculator to compare your current income in London, 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 London, KY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the London, 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$50,448$4,204$1,177$1,514
Renters$20,510$1,709$479$615
If you want to find a good determining factor for the cost of living and the general affordability of housing in London, 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 London, KY, the median monthly income is $50,448 for those who own their own homes. Under the standard rule, that income level would allow for $1,177 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $20,510, per the median income in the area. That would allow for renters to spend up to $479 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 London, 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

ItemLondonNational 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

ItemLondonNational 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

ItemLondonNational 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

ItemLondonNational avg.Difference
Home Price $124,900.00$175,700.0028.9%
Avg. Mortgage Payment $912.59$1,133.2319.5%
Apartment Rent $544.00$920.0040.9%

Transportation

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

Utilities

ItemLondonNational 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.
Livingston, KY13876-24%
North Corbin, KY1,81985-15%
Annville, KY76679-21%
East Bernstadt, KY89180-20%
Corbin, KY7,05178-22%
London, KY8,06287-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ludington, MI8,06184-16%
Senatobia, MS8,06385-15%
Southwood Acres, CT8,06011717%
Decorah, IA8,05892-8%
Pukalani, HI8,06718383%
London, KY8,06287-13%
Source: The London, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.