Taylor Mill, KY Cost Of Living
Cost Of Living In Taylor Mill, KY Summary
Cost of living in Taylor Mill 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 Taylor Mill 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 Taylor Mill is 94, with 100 being the average.
The cost of living index in Taylor Mill is 0.9x lower than the national average.
Taylor Mill ranks as the #57 cheapest in Kentucky out of 85.
Taylor Mill ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Taylor Mill is $179,200.
The median income in Taylor Mill is $73,422.
Table Of Contents
Taylor Mill's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Taylor Mill, KY?
According to the most recent data on the cost of living, Taylor Mill has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Taylor Mill has a cost of living index that's 1.0x lower than Kentucky's index of 94.
The standard of living in Taylor Mill ranks as #57 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Taylor Mill ranks as the #28 most expensive place in the Bluegrass State.
For more reading on life in Taylor Mill, check out:
- Living In Taylor Mill
- Taylor Mill Crime Report
- Search Homes For Sale In Taylor Mill, KY
In Kentucky
In America
Taylor Mill Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Taylor Mill. Here is how it fairs on each of the criteria:
The Services index in Taylor Mill is 99.
The Groceries index in Taylor Mill is 94.
The Health index in Taylor Mill is 98.
The Housing index in Taylor Mill is 79.
The Transportation index in Taylor Mill is 109.
The Utilities index in Taylor Mill is 90.
| Living Expense | Taylor Mill | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 94 | 94 | 100 | |
| Services | 99 | 105 | 100 | |
| Groceries | 94 | 97 | 100 | |
| Health | 98 | 79 | 100 | |
| Housing | 79 | 75 | 100 | |
| Transportation | 109 | 102 | 100 | |
| Utilities | 90 | 106 | 100 | |
Taylor Mill, 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 Taylor Mill is $179,200.
The Median Rent in Taylor Mill is $1,005.
The Median Income in Taylor Mill is $73,422.
The Home Value To Income in Taylor Mill is 2.4x.
The Rent To Monthly Income in Taylor Mill is 0.16x.
| Statistic | Taylor Mill | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $179,200 | $155,100 | $244,900 |
| Median Rent | $1,005 | $826 | $1,163 |
| Median Income | $73,422 | $55,454 | $69,021 |
| Home Value To Income | 2.4x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Taylor Mill, KY Costs By Category
Detailed Taylor Mill Services Costs Vs. Kentucky
| Item | Taylor Mill | Kentucky |
|---|---|---|
| Shampoo | $0.94 | $1.06 |
| Movie | $11.77 | $10.68 |
| Bowling | $13.55 | $14.67 |
| Haircut | $19.48 | $18.62 |
| Beauty Salon | $34.8 | $39.05 |
Detailed Taylor Mill Groceries Costs Vs. Kentucky
| Item | Taylor Mill | Kentucky |
|---|---|---|
| Ground Beef | $3.71 | $4.22 |
| Fried Chicken | $1.25 | $1.39 |
| Milk | $1.42 | $2.05 |
| Potatoes | $3.87 | $3.29 |
| Pizza | $10.12 | $10.62 |
| Beer | $8.93 | $9.38 |
| Toothpaste | $2.0 | $2.34 |
Detailed Taylor Mill Health Costs Vs. Kentucky
| Item | Taylor Mill | Kentucky |
|---|---|---|
| Optometrist | $96.61 | $108.57 |
| Doctor | $109.23 | $116.17 |
| Dentist | $105.08 | $99.13 |
Detailed Taylor Mill Transportation Costs Vs. Kentucky
| Item | Taylor Mill | Kentucky |
|---|---|---|
| Gasoline | $2.29 | $2.22 |
| Tire Balancing | $57.11 | $50.07 |
Detailed Taylor Mill Utilities Costs Vs. Kentucky
| Item | Taylor Mill | Kentucky |
|---|---|---|
| All Electricity | $134.81 | $167.67 |
| Phone | $179.1 | $175.64 |
Taylor Mill SnackAbility
/10
Cost Of Living In Cities Around Taylor Mill
The cost of living varies in the cities and towns around Taylor Mill. Here's a quick look at the cost of living in the most populous nearby places:
Covington, KY has a cost of living index of 88, 0.9x Taylor Mill.
Monfort Heights, OH has a cost of living index of 98, 1.0x Taylor Mill.
Mack, OH has a cost of living index of 104, 1.1x Taylor Mill.
| City | Population | Cost Of Living | Vs. Taylor Mill |
|---|---|---|---|
| Covington, KY | 40,930 | 88 | 0.9x |
| Monfort Heights, OH | 13,221 | 98 | 1.0x |
| Mack, OH | 11,452 | 104 | 1.1x |
| Montgomery, OH | 10,796 | 115 | 1.2x |
| Forestville, OH | 10,485 | 99 | 1.1x |
| Madeira, OH | 9,397 | 110 | 1.2x |
| Wyoming, OH | 8,691 | 112 | 1.2x |
| Edgewood, KY | 8,427 | 103 | 1.1x |
| Kenwood, OH | 8,143 | 114 | 1.2x |
| Dry Run, OH | 7,457 | 120 | 1.3x |
