A+
8%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
25%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Radcliff Kentucky National
Cost of living9290100
Goods & Services101101100
Groceries101101100
Health care8484100
Housing7570100
Transportation9292100
Utilities104104100

An Overview of Cost of Living in Radcliff, KY

Knowing the cost of living in Radcliff allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Radcliff stands at 92, marking it 8% lower than the national average.

In Radcliff, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Radcliff will resemble that of an average city, contributing to a manageable cost of living.

Is Radcliff Affordable?

Is Radcliff an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Radcliff is 29% lower than the national average, while the average monthly rent prices are 16.8% lower than average. The affordability of any location can also be influenced by median income levels. Radcliff has a median household income of $45,463, which is 17.8% lower than the national average.

What Factors can Influence the Cost of Living in Radcliff?

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Radcliff, the transportation index is 8% lower than the national average.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Radcliff, the utilities index stands at 4.4% higher than the national average.

Where is the Data From?

The cost of living in Radcliff, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Radcliff is 2% higher than the Kentucky average
  • The cost of living in Radcliff is 8% lower than the national average
  • Radcliff housing is 25% lower than the national average
  • Kentucky general sales tax is 18% higher than the national average
  • Kentucky state income tax is 122% higher than the national average

Most Affordable Places to Live in and Around Radcliff

See all the best places to live around Radcliff

Compare Radcliff, KY Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$63,393$5,283$1,479$1,902
      Renters$39,016$3,251$910$1,171
      A good indicator of the general affordability of housing in Radcliff, KY, 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 Radcliff, the median monthly income is $63,393 for those who own their own homes. Under the standard rule, that income level would allow for $1,479 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $39,016, per the median income in the area. That would allow for renters to spend up to $910 on monthly rental expenses.

      Kentucky Sales Tax

      State General Sales Tax With Max Surtax
      Kentucky 6% 6%

      Kentucky Income Tax

      State Income Tax (Low) Income Tax (High)
      Kentucky 5% 5%

      Goods & Services

      Item Radcliff National avg. Difference
      Haircut $26.50$24.269.2%
      Beauty Salon $53.07$45.5616.5%
      Toothpaste $3.50$3.705.6%
      Shampoo $1.21$1.285.3%
      Movie $13.05$12.137.6%
      Bowling $21.91$18.0021.7%

      Groceries

      Item Radcliff National avg. Difference
      Ground Beef $6.07$5.844.0%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.72$4.671.0%
      Potatoes $5.19$4.935.1%
      Pizza $10.35$12.0914.4%
      Beer $9.84$10.415.5%

      Health Care

      Item Radcliff National avg. Difference
      Optometrist $87.52$125.6830.4%
      Doctor $106.15$135.7821.8%
      Dentist $102.55$113.299.5%
      Ibuprofen $10.64$10.650.1%
      Lipitor $364.92$468.6022.1%

      Housing

      Item Radcliff National avg. Difference
      Home Price $131,200.00$184,700.0029.0%
      Avg. Mortgage Payment $1,809.12$2,346.6922.9%
      Apartment Rent $790.00$949.0016.8%

      Transportation

      Item Radcliff National avg. Difference
      Gasoline $3.11$3.4610.2%
      Tire Balancing $58.38$59.922.6%

      Utilities

      Item Radcliff National avg. Difference
      All Electricity $207.41$193.996.9%
      Phone $192.46$192.250.1%
      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 Population Cost of Living Index National Avg.
      Laconia, IN387822.4%
      Mauckport, IN328218.0%
      West Point, KY1,0988218.5%
      Muldraugh, KY1,0788416.3%
      Ekron, KY2668811.9%
      Radcliff, KY22,796928.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hastings, MN22,7961033.0%
      Winter Gardens, CA22,78514444.3%
      Granite Bay, CA22,81819190.7%
      Keene, NH22,82311212.4%
      Wilmot, ON22,827n/a 
      Radcliff, KY22,796928.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.