Cost of living in Cynthiana research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cynthiana is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kentucky, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cynthiana is 86, with 100 being the average.
The cost of living index in Cynthiana is 0.9x lower than the national average.
Cynthiana ranks as the #20 cheapest in Kentucky out of 85.
Cynthiana ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Cynthiana is $121,200.
The median income in Cynthiana is $42,642.
According to the most recent data on the cost of living, Cynthiana has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Cynthiana has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Cynthiana ranks as #20 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Cynthiana ranks as the #65 most expensive place in the Bluegrass State.
For more reading on life in Cynthiana, check out:
Six factors go into calculating the cost of living index in Cynthiana. Here is how it fairs on each of the criteria:
The Services index in Cynthiana is 103.
The Groceries index in Cynthiana is 87.
The Health index in Cynthiana is 80.
The Housing index in Cynthiana is 55.
The Transportation index in Cynthiana is 91.
The Utilities index in Cynthiana is 103.
|Living Expense||Cynthiana||Kentucky||National Average|
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cynthiana is $121,200.
The Median Rent in Cynthiana is $607.
The Median Income in Cynthiana is $42,642.
The Home Value To Income in Cynthiana is 2.8x.
The Rent To Monthly Income in Cynthiana is 0.17x.
|Median Home Value||$121,200||$155,100||$244,900|
|Home Value To Income||2.8x||2.8x||3.5x|
|Rent To Monthly Income||0.17x||0.18x||0.2x|
The cost of living varies in the cities and towns around Cynthiana. Here's a quick look at the cost of living in the most populous nearby places:
Georgetown, KY has a cost of living index of 92, 1.1x Cynthiana.
Forestville, OH has a cost of living index of 99, 1.2x Cynthiana.
Paris, KY has a cost of living index of 88, 1.0x Cynthiana.
|City||Population||Cost Of Living||Vs. Cynthiana|
|Dry Run, OH||7,457||120||1.4x|
|Villa Hills, KY||7,331||102||1.2x|
|Cold Spring, KY||6,208||101||1.2x|