A+
13%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
30%
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 Glasgow Kentucky National
Cost of living8790100
Goods & Services98101100
Groceries96101100
Health care8484100
Housing7070100
Transportation9092100
Utilities88104100

An Overview of Cost of Living in Glasgow, KY

Getting a feel for the cost of living in Glasgow is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Glasgow is 87, which is 13% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Is Glasgow Affordable?

Is Glasgow an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Glasgow, the median home price is 33.4% lower than what most folks pay across the country, and monthly rent prices are 22.4% lower than the usual rates. Income levels in Glasgow come in at $37,479, which is 32.3% lower than the national average.

What Factors can Influence the Cost of Living in Glasgow?

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Glasgow, healthcare costs are 16.2% lower than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Glasgow, is 30.1% lower than the national average.

Where is the Data From?

The cost of living in Glasgow, 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 Glasgow is 4% lower than the Kentucky average
  • The cost of living in Glasgow is 13% lower than the national average
  • Glasgow housing is 30% lower than the national average
  • Kentucky general sales tax is 18% higher than the national average
  • Kentucky state income tax is 73% higher than the national average

Most Affordable Places to Live in and Around Glasgow

See all the best places to live around Glasgow

Compare Glasgow, 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$51,464$4,289$1,201$1,544
      Renters$26,316$2,193$614$790
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Glasgow, KY, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Glasgow homeowners, is $51,464. This would allow for a maximum of $1,201 per month to be spent on housing costs. For renters, the median monthly income is $26,316 which would result in a maximum of $614 to be spent on rental costs.

      Kentucky Sales Tax

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

      Kentucky Income Tax

      State Income Tax (Low) Income Tax (High)
      Kentucky 4.5% 4.5%

      Goods & Services

      Item Glasgow National avg. Difference
      Haircut $16.67$24.2631.3%
      Beauty Salon $35.81$45.5621.4%
      Toothpaste $3.68$3.700.6%
      Shampoo $1.08$1.2815.7%
      Movie $11.36$12.136.4%
      Bowling $16.00$18.0011.1%

      Groceries

      Item Glasgow National avg. Difference
      Ground Beef $6.08$5.844.1%
      Fried Chicken $1.44$1.578.2%
      Milk $4.58$4.672.0%
      Potatoes $5.16$4.934.6%
      Pizza $10.76$12.0911.0%
      Beer $9.98$10.414.1%

      Health Care

      Item Glasgow National avg. Difference
      Optometrist $91.33$125.6827.3%
      Doctor $106.94$135.7821.2%
      Dentist $90.50$113.2920.1%
      Ibuprofen $10.15$10.654.8%
      Lipitor $466.21$468.600.5%

      Housing

      Item Glasgow National avg. Difference
      Home Price $123,000.00$184,700.0033.4%
      Avg. Mortgage Payment $1,899.91$2,346.6919.0%
      Apartment Rent $736.00$949.0022.4%

      Transportation

      Item Glasgow National avg. Difference
      Gasoline $3.19$3.467.9%
      Tire Balancing $50.61$59.9215.5%

      Utilities

      Item Glasgow National avg. Difference
      All Electricity $155.43$193.9919.9%
      Phone $192.18$192.250.0%
      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.
      Hiseville, KY1787821.5%
      Horse Cave, KY2,3877921.2%
      Summer Shade, KY2367921.1%
      Cave City, KY2,5738019.7%
      Park City, KY6438317.0%
      Glasgow, KY14,3948713.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Robbinsdale, MN14,3931000.3%
      Livingston, CA14,39211414.3%
      Colesville, MD14,39714141.0%
      Mountain View County, AB14,390n/a 
      East Milton, FL14,3888910.5%
      Glasgow, KY14,3948713.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.