Williamstown 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.
IndexWilliamstownKentuckyNational
Cost of living index8888100
IndexWilliamstownKentuckyNational
Goods & Services index9195100
Groceries index9696100
Health care index10495100
Housing index7770100
Transportation index9497100
Utilities index9492100
Displayed above is a general overview of the Williamstown, KY cost of living index. The overall cost of living index in Williamstown, KY is 88, which is 1% higher than the Kentucky average and 12% 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 Williamstown, KY are 5% lower than the Kentucky average and 9% lower than the national average.

Did you know?

  • The cost of living in Williamstown is 1% higher than the Kentucky average.
  • The cost of living in Williamstown is 12% lower than the national average.
  • The cost of housing in Williamstown is 23% 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 Williamstown, KY Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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Using the salary calculator lets you compare the salary you earn in Williamstown, 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 Williamstown, KY, you have to earn a higher income in order to still have the same standard of living. To operate the Williamstown, 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$58,333$4,861$1,361$1,750
Renters$24,432$2,036$570$733
If you want to find a good determining factor for the cost of living and the general affordability of housing in Williamstown, KY, all you must look at 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 Williamstown, KY, the median monthly income is $58,333 for those who own their own homes. Under the standard rule, that income level would allow for $1,361 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $24,432, per the median income in the area. That would allow for renters to spend up to $570 on monthly rental expenses.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%
When you are determining the total cost of living in Williamstown, KY you will want to make sure you consider both the Kentucky sales tax and the Kentucky income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Kentucky is 6%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Kentucky have a range from 2% to 6%.

Goods & Services

ItemWilliamstownNational avg.Difference
Haircut $10.50$14.5928.0%
Beauty Salon $33.40$34.683.7%
Toothpaste $3.41$2.4737.9%
Shampoo $0.84$1.0217.8%
Movie $10.17$9.873.1%
Bowling $4.13$4.396.0%

Groceries

ItemWilliamstownNational avg.Difference
Ground Beef $4.50$4.480.5%
Fried Chicken $1.29$1.4611.9%
Milk $2.74$2.3616.3%
Potatoes $2.58$3.0615.7%
Pizza $8.99$9.242.7%
Beer $8.75$8.631.4%

Health Care

ItemWilliamstownNational avg.Difference
Optometrist $108.00$99.788.2%
Doctor $96.40$105.038.2%
Dentist $103.33$88.7016.5%
Ibuprofen $8.29$9.4111.9%
Lipitor $306.62$298.502.7%

Housing

ItemWilliamstownNational avg.Difference
Home Price $130,600.00$175,700.0025.7%
Avg. Mortgage Payment $761.82$1,081.0329.5%
Apartment Rent $765.00$920.0016.8%

Transportation

ItemWilliamstownNational avg.Difference
Gasoline $1.91$2.098.6%
Tire Balancing $45.29$45.290.0%

Utilities

ItemWilliamstownNational avg.Difference
All Electricity$144.76$170.8015.2%
Phone $30.01$28.266.2%
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.
Corinth, KY31080-20%
Falmouth, KY2,27879-21%
Owenton, KY1,72181-19%
Butler, KY51380-20%
Berry, KY24382-18%
Williamstown, KY3,93288-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wintersville, OH3,93091-9%
Lawrence Park, PA3,93086-14%
Saugerties, NY3,93011212%
Lake Tansi, TN3,93485-15%
Ashburn, GA3,93583-17%
Williamstown, KY3,93288-12%
Source: The Williamstown, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.