Cost of Living in London, KY

A+
9%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
30%
Housing NAT. AVG.
Search Homes for Sale
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 London Kentucky National
Cost of living9190100
Goods & Services101101100
Groceries101101100
Health care8484100
Housing7070100
Transportation9292100
Utilities104104100
New Real Estate Listings in London Area
Search
Search Homes for Sale in London, KY
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in London is equal to the Kentucky average
  • The cost of living in London is 9% lower than the national average
  • London 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 London

See all the best places to live around London

Compare London, KY Cost of Living

      vs
      How would you rate the cost of living in London?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in London?
      Write a review to give others more information about this area.
      See all London poll results

      The best places in Kentucky

      Here are the best places to live in KentuckyThese are the 10 cheapest cities in KentuckyCheck out the 10 safest cities in KentuckyCheck out the 10 most dangerous cities in Kentucky

      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$63,359$5,280$1,478$1,901
      Renters$19,828$1,652$463$595
      A good indicator of the general affordability of housing in London, 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 London, the median monthly income is $63,359 for those who own their own homes. Under the standard rule, that income level would allow for $1,478 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $19,828, per the median income in the area. That would allow for renters to spend up to $463 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 4.5% 4.5%

      Goods & Services

      Item London 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 London 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 London 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 London National avg. Difference
      Home Price $130,100.00$184,700.0029.6%
      Avg. Mortgage Payment $1,809.12$2,346.6922.9%
      Apartment Rent $661.00$949.0030.3%

      Transportation

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

      Utilities

      Item London 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.
      Livingston, KY1498118.8%
      East Bernstadt, KY8588416.3%
      North Corbin, KY1,8428118.9%
      Annville, KY8318712.7%
      Corbin, KY7,5588316.9%
      London, KY8,058919.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Crete, IL8,0581000.3%
      Hempstead, TX8,0568911.4%
      Sutherlin, OR8,0601000.2%
      Fairwood CDP (Spokane County), WA8,05511413.7%
      Rayne, LA8,0628812.5%
      London, KY8,058919.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2024