Salt Lick 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.
IndexSalt LickKentuckyNational
Cost of living index8288100
IndexSalt LickKentuckyNational
Goods & Services index10195100
Groceries index9696100
Health care index9495100
Housing index5070100
Transportation index9597100
Utilities index8092100

Did you know?

  • The cost of living in Salt Lick is 7% lower than the Kentucky average.
  • The cost of living in Salt Lick is 18% lower than the national average.
  • The cost of housing in Salt Lick is 50% 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 Salt Lick, KY Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,036$4,003$1,121$1,441
Renters$13,214$1,101$308$396

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%

Goods & Services

ItemSalt LickNational avg.Difference
Haircut $15.20$14.594.2%
Beauty Salon $43.80$34.6826.3%
Toothpaste $2.09$2.4715.5%
Shampoo $0.87$1.0214.9%
Movie $8.10$9.8717.9%
Bowling $4.15$4.395.5%

Groceries

ItemSalt LickNational avg.Difference
Ground Beef $5.13$4.4814.6%
Fried Chicken $1.60$1.469.3%
Milk $2.44$2.363.5%
Potatoes $2.52$3.0617.7%
Pizza $9.10$9.241.5%
Beer $8.11$8.636.1%

Health Care

ItemSalt LickNational avg.Difference
Optometrist $77.80$99.7822.0%
Doctor $93.67$105.0310.8%
Dentist $81.75$88.707.8%
Ibuprofen $8.13$9.4113.6%
Lipitor $319.69$298.507.1%

Housing

ItemSalt LickNational avg.Difference
Home Price $77,100.00$175,700.0056.1%
Avg. Mortgage Payment $725.81$1,081.0332.9%
Apartment Rent $586.00$920.0036.3%

Transportation

ItemSalt LickNational avg.Difference
Gasoline $2.06$2.091.4%
Tire Balancing $37.95$45.2916.2%

Utilities

ItemSalt LickNational avg.Difference
All Electricity$142.30$170.8016.7%
Phone $21.09$28.2625.4%
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.
Farmers, KY12396-4%
Frenchburg, KY54580-20%
Jeffersonville, KY1,63783-17%
Camargo, KY1,32783-17%
Owingsville, KY1,64386-14%
Salt Lick, KY34282-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hadar, NE34285-15%
Loop, TX34273-27%
Fife Lake, MI34284-16%
Alta, UT34217070%
Omer, MI34282-18%
Salt Lick, KY34282-18%
Source: The Salt Lick, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.