| Index | Elizabethtown | Kentucky | National |
| Cost of living | 95 | 88 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 97 | 97 | 100 |
| Housing | 91 | 70 | 100 |
| Transportation | 97 | 96 | 100 |
| Utilities | 92 | 95 | 100 |
| Lifestyle & Entertainment | 98 | 95 | 100 |
| Household Items | 98 | 97 | 100 |
| Education & Childcare | 96 | 94 | 100 |
Understanding the cost of living in Elizabethtown can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Elizabethtown cost of living index is 95, which is 5% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
The cost of living in Elizabethtown closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Elizabethtown can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Is Elizabethtown 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 Elizabethtown is 3.4% lower than the national average, while the average monthly rent prices are 21.1% lower than average. The affordability of any location can also be influenced by median income levels. Elizabethtown has a median household income of $69,219, which is 14.9% lower than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Elizabethtown, the utilities index is 7.9% lower than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Elizabethtown, healthcare costs are 3.2% lower than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
The cost of living data for Elizabethtown shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $113,682 | $9,474 | $2,652 | $3,411 |
| Renters | $56,944 | $4,745 | $1,329 | $1,708 |
| State | General Sales Tax | With Max Surtax |
| Kentucky | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Kentucky | 4.5% | 4.5% |
| City | Population | Cost of Living Index | National Avg. |
| Hodgenville, KY | 3,330 | 85 | 14.8% |
| Cecilia, KY | 573 | 87 | 12.5% |
| Lebanon Junction, KY | 2,367 | 88 | 12.4% |
| Radcliff, KY | 23,674 | 90 | 9.5% |
| Sonora, KY | 1,017 | 93 | 7.1% |
| Elizabethtown, KY | 31,333 | 95 | 4.7% |
| City | Population | Cost of Living Index | National Avg. |
| Opelika, AL | 31,335 | 92 | 7.6% |
| Grimsby, ON | 31,320 | n/a | |
| Lawrenceville, GA | 31,316 | 100 | 0.3% |
| Gloucester, MA | 31,315 | 139 | 39.0% |
| Eldersburg, MD | 31,301 | 134 | 33.5% |
| Elizabethtown, KY | 31,333 | 95 | 4.7% |
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