Shepherdsville 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.
IndexShepherdsvilleKentuckyNational
Cost of living index9188100
IndexShepherdsvilleKentuckyNational
Goods & Services index10295100
Groceries index9696100
Health care index9095100
Housing index7370100
Transportation index10597100
Utilities index8892100
Here we can see a simple outline of the cost of living in Shepherdsville, KY. As you can see, with the average cost of living in Shepherdsville, KY being 91, that puts it 4% higher than the average of Kentucky and 9% 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 Shepherdsville, KY, the price of goods and services are 7% higher than the average of Kentucky as well as 2% higher than the nation's average.

Did you know?

  • The cost of living in Shepherdsville is 4% higher than the Kentucky average.
  • The cost of living in Shepherdsville is 9% lower than the national average.
  • The cost of housing in Shepherdsville is 27% 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 Shepherdsville, 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
Using the salary calculator lets you compare the salary you earn in Shepherdsville, KY to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Shepherdsville, KY, you have to earn a higher income in order to still have the same standard of living. To operate the Shepherdsville, KY salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$61,723$5,144$1,440$1,852
Renters$29,909$2,492$698$897
The affordability of the housing market in Shepherdsville, KY as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Shepherdsville, KY homeowners, the median income is $61,723. This indicates that a monthly maximum of $1,440 should be spent by homeowners on all housing related costs. Renters have a median income of $29,909. This indicates that renters should have a maximum of $698 used for their rent related monthly costs.

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 Shepherdsville, 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

ItemShepherdsvilleNational avg.Difference
Haircut $12.80$14.5912.3%
Beauty Salon $35.33$34.681.9%
Toothpaste $2.31$2.476.6%
Shampoo $0.93$1.029.0%
Movie $9.25$9.876.3%
Bowling $4.25$4.393.2%

Groceries

ItemShepherdsvilleNational avg.Difference
Ground Beef $3.97$4.4811.3%
Fried Chicken $1.28$1.4612.6%
Milk $2.01$2.3614.7%
Potatoes $3.01$3.061.7%
Pizza $10.00$9.248.2%
Beer $8.85$8.632.5%

Health Care

ItemShepherdsvilleNational avg.Difference
Optometrist $82.50$99.7817.3%
Doctor $88.50$105.0315.7%
Dentist $88.40$88.700.3%
Ibuprofen $8.91$9.415.3%
Lipitor $246.60$298.5017.4%

Housing

ItemShepherdsvilleNational avg.Difference
Home Price $121,900.00$175,700.0030.6%
Avg. Mortgage Payment $835.10$1,081.0322.7%
Apartment Rent $746.00$920.0018.9%

Transportation

ItemShepherdsvilleNational avg.Difference
Gasoline $2.21$2.095.9%
Tire Balancing $46.40$45.292.5%

Utilities

ItemShepherdsvilleNational avg.Difference
All Electricity$126.60$170.8025.9%
Phone $30.22$28.266.9%
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.
Boston, KY49978-22%
Elizabeth, IN19283-17%
West Buechel, KY1,24585-15%
West Point, KY90186-14%
Shively, KY15,45087-13%
Shepherdsville, KY11,57391-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Claiborne, LA11,57591-9%
Two Rivers, WI11,57787-13%
Kingsburg, CA11,5821099%
Urbana, OH11,58790-10%
Oskaloosa, IA11,55582-18%
Shepherdsville, KY11,57391-9%
Source: The Shepherdsville, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.