Mount Sterling, KY Cost Of Living
Cost Of Living In Mount Sterling, KY Summary
Cost of living in Mount Sterling 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 Mount Sterling 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 Mount Sterling is 93, with 100 being the average.
The cost of living index in Mount Sterling is 0.9x lower than the national average.
Mount Sterling ranks as the #40 cheapest in Kentucky out of 84.
Mount Sterling ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Mount Sterling is $214,082.
The median income in Mount Sterling is $50,843.
Table Of Contents
Mount Sterling's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mount Sterling, KY?
According to the most recent data on the cost of living, Mount Sterling has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Mount Sterling has a cost of living index that's 1.0x higher than Kentucky's index of 92.
The standard of living in Mount Sterling ranks as #40 most affordable out of the 84 places we measured in Kentucky. By definition, that implies Mount Sterling ranks as the #44 most expensive place in the Bluegrass State.
For more reading on life in Mount Sterling, check out:
In Kentucky
In America
Mount Sterling Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Mount Sterling. Here is how it fairs on each of the criteria:
The Services index in Mount Sterling is 103.
The Groceries index in Mount Sterling is 103.
The Health index in Mount Sterling is 85.
The Housing index in Mount Sterling is 72.
The Transportation index in Mount Sterling is 90.
The Utilities index in Mount Sterling is 105.
| Living Expense | Mount Sterling | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 93 | 92 | 100 | |
| Services | 103 | 101 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 85 | 85 | 100 | |
| Housing | 72 | 71 | 100 | |
| Transportation | 90 | 94 | 100 | |
| Utilities | 105 | 105 | 100 | |
Mount Sterling, 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 2019-2023. The key points are:
The Median Home Value in Mount Sterling is $214,082.
The Median Rent in Mount Sterling is $564.
The Median Income in Mount Sterling is $50,843.
The Home Value To Income in Mount Sterling is 4.2x.
The Rent To Monthly Income in Mount Sterling is 0.13x.
| Statistic | Mount Sterling | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $214,082 | $226,606 | $303,400 |
| Median Rent | $564 | $933 | $1,348 |
| Median Income | $50,843 | $62,417 | $78,538 |
| Home Value To Income | 4.2x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Mount Sterling, KY Costs By Category
Detailed Mount Sterling Services Costs Vs. Kentucky
| Item | Mount Sterling | Kentucky |
|---|---|---|
| Shampoo | $1.21 | $1.28 |
| Movie | $13.05 | $12.13 |
| Bowling | $21.91 | $18 |
| Haircut | $26.5 | $24.26 |
| Beauty Salon | $53.07 | $45.56 |
Detailed Mount Sterling Groceries Costs Vs. Kentucky
| Item | Mount Sterling | Kentucky |
|---|---|---|
| Ground Beef | $6.07 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.72 | $4.67 |
| Potatoes | $5.19 | $4.93 |
| Pizza | $10.35 | $12.09 |
| Beer | $9.84 | $10.41 |
| Toothpaste | $3.5 | $3.7 |
Detailed Mount Sterling Health Costs Vs. Kentucky
| Item | Mount Sterling | Kentucky |
|---|---|---|
| Optometrist | $87.52 | $125.68 |
| Doctor | $106.15 | $135.78 |
| Dentist | $102.55 | $113.29 |
Detailed Mount Sterling Transportation Costs Vs. Kentucky
| Item | Mount Sterling | Kentucky |
|---|---|---|
| Gasoline | $3.11 | $3.46 |
| Tire Balancing | $58.38 | $59.92 |
Detailed Mount Sterling Utilities Costs Vs. Kentucky
| Item | Mount Sterling | Kentucky |
|---|---|---|
| All Electricity | $207.41 | $193.99 |
| Phone | $192.46 | $192.25 |
Mount Sterling SnackAbility
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Cost Of Living In Cities Around Mount Sterling
The cost of living varies in the cities and towns around Mount Sterling. 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 100, 1.1x Mount Sterling.
Richmond, KY has a cost of living index of 92, 1.0x Mount Sterling.
Nicholasville, KY has a cost of living index of 92, 1.0x Mount Sterling.
| City | Population | Cost Of Living | Vs. Mount Sterling |
|---|---|---|---|
| Georgetown, KY | 38,206 | 100 | 1.1x |
| Richmond, KY | 35,498 | 92 | 1.0x |
| Nicholasville, KY | 31,625 | 92 | 1.0x |
| Winchester, KY | 19,133 | 92 | 1.0x |
| Berea, KY | 15,557 | 91 | 1.0x |
| Versailles, KY | 10,382 | 98 | 1.1x |
| Paris, KY | 10,107 | 89 | 1.0x |
| Maysville, KY | 8,778 | 92 | 1.0x |
| Morehead, KY | 6,924 | 95 | 1.0x |
| Wilmore, KY | 6,031 | 94 | 1.0x |
