| Index | Nicholasville | Kentucky | National |
| Cost of living | 93 | 88 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 83 | 70 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 95 | 95 | 100 |
| Lifestyle & Entertainment | 98 | 95 | 100 |
| Household Items | 95 | 97 | 100 |
| Education & Childcare | 96 | 94 | 100 |
Understanding the cost of living in Nicholasville 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 Nicholasville cost of living index is 93, which is 7% 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.
In Nicholasville, daily expenses such as food, housing, lifestyle expenses, 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 Nicholasville will resemble that of an average city, contributing to a manageable cost of living.
Is Nicholasville 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 Nicholasville, the median home price is 17.5% lower than what most folks pay across the country, and monthly rent prices are 16.3% lower than the usual rates. Income levels in Nicholasville come in at $81,952, which is 0.8% higher than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Nicholasville, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 4.5%.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Nicholasville, healthcare costs are 2.2% lower than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including 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 farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
The cost of living estimates displayed for Nicholasville are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across 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 | $109,920 | $9,160 | $2,565 | $3,298 |
| Renters | $57,813 | $4,818 | $1,349 | $1,735 |
| 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. |
| Burgin, KY | 882 | 87 | 12.5% |
| High Bridge, KY | 186 | 90 | 10.5% |
| Wilmore, KY | 6,581 | 95 | 5.0% |
| Versailles, KY | 9,568 | 95 | 5.2% |
| Lexington-Fayette, KY | 329,532 | 100 | 0.5% |
| Nicholasville, KY | 31,738 | 93 | 7.0% |
| City | Population | Cost of Living Index | National Avg. |
| Los Altos, CA | 31,735 | 341 | 240.6% |
| Winter Park, FL | 31,768 | 139 | 39.0% |
| Sahuarita, AZ | 31,695 | 112 | 12.4% |
| Danville, IL | 31,689 | 84 | 16.2% |
| Brooklyn Center, MN | 31,682 | 102 | 1.8% |
| Nicholasville, KY | 31,738 | 93 | 7.0% |
Here are the best places to live in Kentucky
Most Dangerous States In The US
See the best places to live in Nicholasville
Check out the 10 most dangerous cities in Kentucky