Elsmere, KY Cost Of Living
Cost Of Living In Elsmere, KY Summary
Cost of living in Elsmere 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 Elsmere 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 Elsmere is 91, with 100 being the average.
The cost of living index in Elsmere is 0.9x lower than the national average.
Elsmere ranks as the #44 cheapest in Kentucky out of 85.
Elsmere ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Elsmere is $124,600.
The median income in Elsmere is $57,459.
Table Of Contents
Elsmere's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Elsmere, KY?
According to the most recent data on the cost of living, Elsmere has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Elsmere has a cost of living index that's 1.0x lower than Kentucky's index of 94.
The standard of living in Elsmere ranks as #44 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Elsmere ranks as the #41 most expensive place in the Bluegrass State.
For more reading on life in Elsmere, check out:
- Living In Elsmere
- Elsmere Crime Report
- Search Homes For Sale In Elsmere, KY
In Kentucky
In America
Elsmere Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Elsmere. Here is how it fairs on each of the criteria:
The Services index in Elsmere is 102.
The Groceries index in Elsmere is 95.
The Health index in Elsmere is 98.
The Housing index in Elsmere is 71.
The Transportation index in Elsmere is 106.
The Utilities index in Elsmere is 89.
| Living Expense | Elsmere | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 91 | 94 | 100 | |
| Services | 102 | 105 | 100 | |
| Groceries | 95 | 97 | 100 | |
| Health | 98 | 79 | 100 | |
| Housing | 71 | 75 | 100 | |
| Transportation | 106 | 102 | 100 | |
| Utilities | 89 | 106 | 100 | |
Elsmere, KY Housing Cost Breakdown
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 Elsmere is $124,600.
The Median Rent in Elsmere is $1,180.
The Median Income in Elsmere is $57,459.
The Home Value To Income in Elsmere is 2.2x.
The Rent To Monthly Income in Elsmere is 0.25x.
| Statistic | Elsmere | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $124,600 | $155,100 | $244,900 |
| Median Rent | $1,180 | $826 | $1,163 |
| Median Income | $57,459 | $55,454 | $69,021 |
| Home Value To Income | 2.2x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Elsmere, KY Costs By Category
Detailed Elsmere Services Costs Vs. Kentucky
Detailed Elsmere Groceries Costs Vs. Kentucky
Detailed Elsmere Health Costs Vs. Kentucky
Detailed Elsmere Transportation Costs Vs. Kentucky
Detailed Elsmere Utilities Costs Vs. Kentucky
Elsmere SnackAbility
/10
Cost Of Living In Cities Around Elsmere
The cost of living varies in the cities and towns around Elsmere. Here's a quick look at the cost of living in the most populous nearby places:
Florence, KY has a cost of living index of 94, 1.0x Elsmere.
Independence, KY has a cost of living index of 97, 1.1x Elsmere.
Erlanger, KY has a cost of living index of 89, 1.0x Elsmere.
| City | Population | Cost Of Living | Vs. Elsmere |
|---|---|---|---|
| Florence, KY | 31,699 | 94 | 1.0x |
| Independence, KY | 28,256 | 97 | 1.1x |
| Erlanger, KY | 19,506 | 89 | 1.0x |
| Bridgetown, OH | 13,257 | 90 | 1.0x |
| Monfort Heights, OH | 13,221 | 98 | 1.1x |
| Mack, OH | 11,452 | 104 | 1.1x |
| Forestville, OH | 10,485 | 99 | 1.1x |
| Oakbrook, KY | 9,883 | 96 | 1.1x |
| Madeira, OH | 9,397 | 110 | 1.2x |
| Wyoming, OH | 8,691 | 112 | 1.2x |
