Mount Sterling, KY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 88, 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 #27 cheapest in Kentucky out of 85.

  • Mount Sterling ranks as the #1,278 cheapest out of 6,412 in the US.

  • The median home value in Mount Sterling is $147,800.

  • The median income in Mount Sterling is $44,676.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
88
Mount Sterling's Overall Cost Of Living
0.9x
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 88, which is 0.9x lower than the national index of 100.

Compared to Kentucky, Mount Sterling has a cost of living index that's 0.9x lower than Kentucky's index of 94.

The standard of living in Mount Sterling ranks as #27 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Mount Sterling ranks as the #58 most expensive place in the Bluegrass State.

For more reading on life in Mount Sterling, check out:

27 out of 85
In Kentucky
1,278 out of 6,412
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 100.

  • The Groceries index in Mount Sterling is 90.

  • The Health index in Mount Sterling is 80.

  • The Housing index in Mount Sterling is 65.

  • The Transportation index in Mount Sterling is 95.

  • The Utilities index in Mount Sterling is 102.

Living Expense Mount Sterling Kentucky National Average
Overall 88 94 100
Services 100 105 100
Groceries 90 97 100
Health 80 79 100
Housing 65 75 100
Transportation 95 102 100
Utilities 102 106 100
For more reading on cost of living around Kentucky, check out:
Mount Sterling Cost of Living Vs. KY

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 2017-2021. The key points are:

  • The Median Home Value in Mount Sterling is $147,800.

  • The Median Rent in Mount Sterling is $544.

  • The Median Income in Mount Sterling is $44,676.

  • The Home Value To Income in Mount Sterling is 3.3x.

  • The Rent To Monthly Income in Mount Sterling is 0.15x.

Statistic Mount Sterling Kentucky United States
Median Home Value $147,800 $155,100 $244,900
Median Rent $544 $826 $1,163
Median Income $44,676 $55,454 $69,021
Home Value To Income 3.3x 2.8x 3.5x
Rent To Monthly Income 0.15x 0.18x 0.2x
Search Homes For Sale In Mount Sterling, KY
$147,800
Median Home Value
$544
Median Rent
$44,676
Median Income

Mount Sterling, KY Costs By Category

Detailed Mount Sterling Services Costs Vs. Kentucky

Item Mount Sterling Kentucky
Shampoo $0.94 $1.06
Movie $9.56 $10.68
Bowling $15.2 $14.67
Haircut $17.72 $18.62
Beauty Salon $37.9 $39.05

Detailed Mount Sterling Groceries Costs Vs. Kentucky

Item Mount Sterling Kentucky
Ground Beef $4.12 $4.22
Fried Chicken $1.11 $1.39
Milk $1.64 $2.05
Potatoes $2.9 $3.29
Pizza $10.33 $10.62
Beer $9.29 $9.38
Toothpaste $1.74 $2.34

Detailed Mount Sterling Health Costs Vs. Kentucky

Item Mount Sterling Kentucky
Optometrist $74.07 $108.57
Doctor $82.39 $116.17
Dentist $76.8 $99.13

Detailed Mount Sterling Transportation Costs Vs. Kentucky

Item Mount Sterling Kentucky
Gasoline $2.08 $2.22
Tire Balancing $44.57 $50.07

Detailed Mount Sterling Utilities Costs Vs. Kentucky

Item Mount Sterling Kentucky
All Electricity $157.57 $167.67
Phone $206.48 $175.64

Mount Sterling SnackAbility

5
/10
Overall SnackAbility
Jobs
4/10
Housing
5
Affordability
8
Diversity
5
Safety
5
Amenities
8
Education
6
Commute
9

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 92, 1.0x 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 36,281 92 1.0x
Richmond, KY 34,662 92 1.0x
Nicholasville, KY 31,066 92 1.0x
Winchester, KY 18,993 89 1.0x
Berea, KY 15,465 90 1.0x
Paris, KY 10,202 88 1.0x
Versailles, KY 10,196 91 1.0x
Maysville, KY 8,851 86 1.0x
Morehead, KY 6,994 90 1.0x
Wilmore, KY 6,025 91 1.0x

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