B+
4%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
13%
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 Lyndon Kentucky National
Cost of living10490100
Goods & Services101101100
Groceries101101100
Health care8484100
Housing11370100
Transportation9292100
Utilities104104100

An Overview of Cost of Living in Lyndon, KY

Are you thinking about relocating, but curious about the potential cost of living in Lyndon? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Lyndon stands at 104, making it 4% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

In Lyndon, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Lyndon will resemble that of an average city, contributing to a manageable cost of living.

Is Lyndon Affordable?

Wondering if Lyndon is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Lyndon, for example, the median home price is 16.7% higher than what folks pay nationally, and monthly rent is 4.8% higher than the usual rates. Plus, income levels matter too, with Lyndon boasting a median household income of $58,538, which is 5.8% higher than the national average.

What Factors can Influence the Cost of Living in Lyndon?

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 Lyndon, healthcare costs are 16.3% lower than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Lyndon, the general sales tax rate starts at 6%, and income tax rates begin at 5%.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Where is the Data From?

The Lyndon cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Lyndon is 14% higher than the Kentucky average
  • The cost of living in Lyndon is 4% higher than the national average
  • Lyndon housing is 13% higher than the national average
  • Kentucky general sales tax is 18% higher than the national average
  • Kentucky state income tax is 122% higher than the national average

Most Affordable Places to Live in and Around Lyndon

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Compare Lyndon, 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$85,909$7,159$2,004$2,578
      Renters$47,334$3,945$1,104$1,420
      A good indicator of the general affordability of housing in Lyndon, KY, 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 Lyndon, the median monthly income is $85,909 for those who own their own homes. Under the standard rule, that income level would allow for $2,004 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $47,334, per the median income in the area. That would allow for renters to spend up to $1,104 on monthly rental expenses.

      Kentucky Sales Tax

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

      Kentucky Income Tax

      State Income Tax (Low) Income Tax (High)
      Kentucky 5% 5%

      Goods & Services

      Item Lyndon National avg. Difference
      Haircut $26.50$24.269.2%
      Beauty Salon $53.07$45.5616.5%
      Toothpaste $3.50$3.705.6%
      Shampoo $1.21$1.285.3%
      Movie $13.05$12.137.6%
      Bowling $21.91$18.0021.7%

      Groceries

      Item Lyndon National avg. Difference
      Ground Beef $6.07$5.844.0%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.72$4.671.0%
      Potatoes $5.19$4.935.1%
      Pizza $10.35$12.0914.4%
      Beer $9.84$10.415.5%

      Health Care

      Item Lyndon National avg. Difference
      Optometrist $87.52$125.6830.4%
      Doctor $106.15$135.7821.8%
      Dentist $102.55$113.299.5%
      Ibuprofen $10.64$10.650.1%
      Lipitor $364.92$468.6022.1%

      Housing

      Item Lyndon National avg. Difference
      Home Price $215,500.00$184,700.0016.7%
      Avg. Mortgage Payment $1,809.12$2,346.6922.9%
      Apartment Rent $995.00$949.004.8%

      Transportation

      Item Lyndon National avg. Difference
      Gasoline $3.11$3.4610.2%
      Tire Balancing $58.38$59.922.6%

      Utilities

      Item Lyndon National avg. Difference
      All Electricity $207.41$193.996.9%
      Phone $192.46$192.250.1%
      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.
      South Park View, KY4990.6%
      Watterson Park, KY9698911.0%
      West Buechel, KY2,0468910.8%
      Shively, KY15,7238910.8%
      Lynnview, KY7609010.1%
      Lyndon, KY11,4511043.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Piedmont, CA11,454341241.1%
      Madison Heights, VA11,447919.2%
      Elizabethtown, PA11,4451032.7%
      Magalia, CA11,4441109.6%
      Upper Montclair, NJ11,43918080.5%
      Lyndon, KY11,4511043.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.