Middlesborough 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.
IndexMiddlesboroughKentuckyNational
Cost of living index8188100
IndexMiddlesboroughKentuckyNational
Goods & Services index10095100
Groceries index9196100
Health care index8995100
Housing index4670100
Transportation index9497100
Utilities index9892100
Displayed above is a general overview of the Middlesborough, KY cost of living index. The overall cost of living index in Middlesborough, KY is 81, which is 7% lower than the Kentucky average and 19% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Middlesborough, KY are 5% higher than the Kentucky average and equal to the national average.

Did you know?

  • The cost of living in Middlesborough is 7% lower than the Kentucky average.
  • The cost of living in Middlesborough is 19% lower than the national average.
  • The cost of housing in Middlesborough is 54% 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.

Find Real Estate Listings In Middlesborough

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Middlesborough

Compare Middlesborough, 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
Use the salary calculator to compare your current income in Middlesborough, 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 Middlesborough, KY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Middlesborough, 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$30,975$2,581$723$929
Renters$14,895$1,241$348$447
One can approximate the cost of living and the housing affordability in Middlesborough, 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 Middlesborough, KY have a median income of $30,975. Therefore, the amount that a consumer should spend on housing costs should be no more than $723 per month to avoid calamity and poverty. The renters in the city have an income of about $14,895, which would make their monthly maximum allowable rental costs $348.

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 Middlesborough, 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

ItemMiddlesboroughNational avg.Difference
Haircut $11.00$14.5924.6%
Beauty Salon $32.33$34.686.8%
Toothpaste $2.18$2.4711.9%
Shampoo $0.98$1.024.1%
Movie $10.50$9.876.4%
Bowling $3.85$4.3912.3%

Groceries

ItemMiddlesboroughNational avg.Difference
Ground Beef $4.67$4.484.3%
Fried Chicken $1.15$1.4621.5%
Milk $2.46$2.364.4%
Potatoes $3.31$3.068.1%
Pizza $11.49$9.2424.3%
Beer $8.58$8.630.6%

Health Care

ItemMiddlesboroughNational avg.Difference
Optometrist $101.67$99.781.9%
Doctor $89.33$105.0315.0%
Dentist $85.33$88.703.8%
Ibuprofen $7.97$9.4115.3%
Lipitor $246.50$298.5017.4%

Housing

ItemMiddlesboroughNational avg.Difference
Home Price $73,600.00$175,700.0058.1%
Avg. Mortgage Payment $818.14$1,081.0324.3%
Apartment Rent $501.00$920.0045.5%

Transportation

ItemMiddlesboroughNational avg.Difference
Gasoline $2.04$2.092.6%
Tire Balancing $39.00$45.2913.9%

Utilities

ItemMiddlesboroughNational avg.Difference
All Electricity$153.53$170.8010.1%
Phone $30.65$28.268.5%
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.
Pathfork, KY48371-29%
Coldiron, KY14480-20%
Pineville, KY1,97183-17%
Tazewell, TN2,08884-16%
New Tazewell, TN2,99485-15%
Middlesborough, KY10,03581-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Coffeyville, KS10,03477-23%
Hope, AR10,03385-15%
Middle Island, NY10,03013232%
Highland City, FL10,04094-6%
Capitola, CA10,04314848%
Middlesborough, KY10,03581-19%
Source: The Middlesborough, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.