Shively, Kentucky Cost Of Living

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B

Overall 14%

Goods & Services 1%

Housing 43%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Shively	Kentucky	National
Cost of living	86	89	100
Goods & Services	101	100	100
Groceries	95	91	100
Health care	102	90	100
Housing	57	70	100
Transportation	102	99	100
Utilities	94	98	100

Key findings

The cost of living in Shively is 3% lower than the Kentucky average
The cost of living in Shively is 14% lower than the national average
Shively housing is 43% lower than the national average
Kentucky general sales tax is 18% higher than the national average
Kentucky state income tax is 103% higher than the national average

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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	$52,250	$4,354	$1,219	$1,568
Renters	$22,231	$1,853	$519	$667

To approximate the cost of living and the housing affordability in Shively, KY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Shively have a median income of $52,250. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,219 per month to avoid calamity and poverty. The renters in the city have an income of about $22,231, which would make their monthly maximum allowable rental costs $519.

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	Shively	National avg.	Difference
Haircut	$15.16	$17.49	13.3%
Beauty Salon	$37.33	$38.17	2.2%
Toothpaste	$1.89	$2.32	18.6%
Shampoo	$0.95	$1.01	6.1%
Movie	$12.90	$10.72	20.3%
Bowling	$18.33	$13.86	32.2%

Groceries

Item	Shively	National avg.	Difference
Ground Beef	$3.66	$3.90	6.2%
Fried Chicken	$1.12	$1.40	19.8%
Milk	$1.16	$1.96	40.9%
Potatoes	$3.74	$3.18	17.5%
Pizza	$10.00	$10.39	3.8%
Beer	$9.16	$9.23	0.8%

Health Care

Item	Shively	National avg.	Difference
Optometrist	$76.33	$106.34	28.2%
Doctor	$154.17	$115.25	33.8%
Dentist	$85.00	$98.38	13.6%
Ibuprofen	$7.99	$9.26	13.7%
Lipitor	$510.29	$466.47	9.4%

Housing

Item	Shively	National avg.	Difference
Home Price	$99,300.00	$184,700.00	46.2%
Avg. Mortgage Payment	$1,003.96	$1,273.32	21.2%
Apartment Rent	$624.00	$949.00	34.2%

Transportation

Item	Shively	National avg.	Difference
Gasoline	$2.86	$2.59	10.4%
Tire Balancing	$45.00	$48.90	8.0%

Utilities

Item	Shively	National avg.	Difference
All Electricity	$151.92	$167.60	9.4%
Phone	$177.97	$163.42	8.9%

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, State	Population	Cost of Living Index	National Avg.
South Park View, KY	2	99	-1%
New Middletown, IN	31	82	-18%
West Point, KY	930	83	-17%
Crandall, IN	195	86	-14%
Elizabeth, IN	199	86	-14%
Shively, KY	15,625	86	-14%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Mitchell, SD	15,610	87	-13%
Mastic, NY	15,641	127	27%
Los Osos, CA	15,603	144	44%
Flowing Wells, AZ	15,601	85	-15%
Sienna Plantation, TX	15,649	124	24%
Shively, KY	15,625	86	-14%

Source: The Shively, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Shively, KY Cost of Living

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