Nicholasville, KY Cost Of Living
Cost Of Living In Nicholasville, KY Summary
Cost of living in Nicholasville 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 Nicholasville 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 Nicholasville is 92, with 100 being the average.
The cost of living index in Nicholasville is 0.9x lower than the national average.
Nicholasville ranks as the #34 cheapest in Kentucky out of 84.
Nicholasville ranks as the #1,501 cheapest out of 6,489 in the US.
The median home value in Nicholasville is $310,746.
The median income in Nicholasville is $67,514.
Table Of Contents
Nicholasville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Nicholasville, KY?
According to the most recent data on the cost of living, Nicholasville has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Nicholasville has a cost of living index that's 1.0x lower than Kentucky's index of 92.
The standard of living in Nicholasville ranks as #34 most affordable out of the 84 places we measured in Kentucky. By definition, that implies Nicholasville ranks as the #50 most expensive place in the Bluegrass State.
For more reading on life in Nicholasville, check out:
In Kentucky
In America
Nicholasville Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Nicholasville. Here is how it fairs on each of the criteria:
The Services index in Nicholasville is 101.
The Groceries index in Nicholasville is 102.
The Health index in Nicholasville is 85.
The Housing index in Nicholasville is 82.
The Transportation index in Nicholasville is 93.
The Utilities index in Nicholasville is 105.
| Living Expense | Nicholasville | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 92 | 92 | 100 | |
| Services | 101 | 101 | 100 | |
| Groceries | 102 | 99 | 100 | |
| Health | 85 | 85 | 100 | |
| Housing | 82 | 71 | 100 | |
| Transportation | 93 | 94 | 100 | |
| Utilities | 105 | 105 | 100 | |
Nicholasville, 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 Nicholasville is $310,746.
The Median Rent in Nicholasville is $996.
The Median Income in Nicholasville is $67,514.
The Home Value To Income in Nicholasville is 4.6x.
The Rent To Monthly Income in Nicholasville is 0.18x.
| Statistic | Nicholasville | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $310,746 | $226,606 | $303,400 |
| Median Rent | $996 | $933 | $1,348 |
| Median Income | $67,514 | $62,417 | $78,538 |
| Home Value To Income | 4.6x | 3.6x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Nicholasville, KY Costs By Category
Detailed Nicholasville Services Costs Vs. Kentucky
| Item | Nicholasville | 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 Nicholasville Groceries Costs Vs. Kentucky
| Item | Nicholasville | 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 Nicholasville Health Costs Vs. Kentucky
| Item | Nicholasville | Kentucky |
|---|---|---|
| Optometrist | $87.52 | $125.68 |
| Doctor | $106.15 | $135.78 |
| Dentist | $102.55 | $113.29 |
Detailed Nicholasville Transportation Costs Vs. Kentucky
| Item | Nicholasville | Kentucky |
|---|---|---|
| Gasoline | $3.11 | $3.46 |
| Tire Balancing | $58.38 | $59.92 |
Detailed Nicholasville Utilities Costs Vs. Kentucky
| Item | Nicholasville | Kentucky |
|---|---|---|
| All Electricity | $207.41 | $193.99 |
| Phone | $192.46 | $192.25 |
Nicholasville SnackAbility
/10
Cost Of Living In Cities Around Nicholasville
The cost of living varies in the cities and towns around Nicholasville. Here's a quick look at the cost of living in the most populous nearby places:
Richmond, KY has a cost of living index of 92, 1.0x Nicholasville.
Versailles, KY has a cost of living index of 98, 1.1x Nicholasville.
Harrodsburg, KY has a cost of living index of 86, 0.9x Nicholasville.
| City | Population | Cost Of Living | Vs. Nicholasville |
|---|---|---|---|
| Richmond, KY | 35,498 | 92 | 1.0x |
| Versailles, KY | 10,382 | 98 | 1.1x |
| Harrodsburg, KY | 9,126 | 86 | 0.9x |
| Wilmore, KY | 6,031 | 94 | 1.0x |
