Mount Sterling 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.
IndexMount SterlingKentuckyNational
Cost of living index8787100
IndexMount SterlingKentuckyNational
Goods & Services index10197100
Groceries index9089100
Health care index9589100
Housing index6770100
Transportation index9697100
Utilities index8794100
Here we can see a simple outline of the cost of living in Mount Sterling, KY. As you can see, with the average cost of living in Mount Sterling, KY being 87, that puts it equal to the average of Kentucky and 13% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Mount Sterling, KY, the price of goods and services are 3% higher than the average of Kentucky as well as 1% higher than the nation's average.

Did you know?

  • The cost of living in Mount Sterling is equal to the Kentucky average.
  • The cost of living in Mount Sterling is 13% lower than the national average.
  • The cost of housing in Mount Sterling is 33% 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 Mount Sterling, KY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
Housing index
Transportation index
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Use the salary calculator to compare your current income in Mount Sterling, 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 Mount Sterling, KY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mount Sterling, 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)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Mount Sterling, KY, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Mount Sterling, KY homeowners have a median income of $46,841. Using that number, you will come up with a maximum of $1,093 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $21,548, which means there is a maximum of $503 to be spent on the costs of renting a home or apartment.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
The Kentucky sales tax and Kentucky income tax rates should definitely be considered when determining the overall cost of living in Mount Sterling, 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

ItemMount SterlingNational 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%


ItemMount SterlingNational 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

ItemMount SterlingNational 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%


ItemMount SterlingNational avg.Difference
Home Price $119,100.00$175,700.0032.2%
Avg. Mortgage Payment $912.59$1,133.2319.5%
Apartment Rent $606.00$920.0034.1%


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


ItemMount SterlingNational 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.
Sharpsburg, KY47174-26%
Clay City, KY1,35479-21%
Jeffersonville, KY1,63783-17%
Stanton, KY2,72483-17%
Camargo, KY1,32783-17%
Mount Sterling, KY7,03087-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Larose, LA7,03089-11%
Mechanicstown, NY7,03011313%
Savannah, TN7,02982-18%
Tyrone, GA7,0281055%
Summit View, WA7,03311212%
Mount Sterling, KY7,03087-13%
Source: The Mount Sterling, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.