Cost of Living in Edgewood, KY

B-
7%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
21%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Edgewood Kentucky National
Cost of living10790100
Goods & Services102101100
Groceries102101100
Health care10384100
Housing12170100
Transportation10292100
Utilities100104100
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Cost Of Living Quick Facts

  • The cost of living in Edgewood is 19% higher than the Kentucky average
  • The cost of living in Edgewood is 7% higher than the national average
  • Edgewood housing is 21% higher than the national average
  • Kentucky general sales tax is 18% higher than the national average
  • Kentucky state income tax is 73% higher than the national average

Most Affordable Places to Live in and Around Edgewood

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Compare Edgewood, KY Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$111,559$9,297$2,603$3,347
      Renters$45,625$3,802$1,065$1,369
      To approximate the cost of living and the housing affordability in Edgewood, KY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Edgewood have a median income of $111,559. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,603 per month to avoid calamity and poverty. The renters in the city have an income of about $45,625, which would make their monthly maximum allowable rental costs $1,065.

      Kentucky Sales Tax

      State General Sales Tax With Max Surtax
      Kentucky 6% 6%

      Kentucky Income Tax

      State Income Tax (Low) Income Tax (High)
      Kentucky 4.5% 4.5%

      Goods & Services

      Item Edgewood National avg. Difference
      Haircut $25.13$24.263.6%
      Beauty Salon $37.93$45.5616.7%
      Toothpaste $3.60$3.702.7%
      Shampoo $1.27$1.280.6%
      Movie $14.35$12.1318.3%
      Bowling $17.56$18.002.5%

      Groceries

      Item Edgewood National avg. Difference
      Ground Beef $5.91$5.841.2%
      Fried Chicken $1.72$1.579.1%
      Milk $4.80$4.672.7%
      Potatoes $5.05$4.932.3%
      Pizza $11.92$12.091.4%
      Beer $10.63$10.412.1%

      Health Care

      Item Edgewood National avg. Difference
      Optometrist $105.42$125.6816.1%
      Doctor $159.40$135.7817.4%
      Dentist $106.67$113.295.8%
      Ibuprofen $10.68$10.650.3%
      Lipitor $497.02$468.606.1%

      Housing

      Item Edgewood National avg. Difference
      Home Price $225,500.00$184,700.0022.1%
      Avg. Mortgage Payment $1,993.26$2,346.6915.1%
      Apartment Rent $1,116.00$949.0017.6%

      Transportation

      Item Edgewood National avg. Difference
      Gasoline $3.27$3.465.6%
      Tire Balancing $73.09$59.9222.0%

      Utilities

      Item Edgewood National avg. Difference
      All Electricity $197.10$193.991.6%
      Phone $186.48$192.253.0%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Shawnee, OH1,0541021.7%
      Plainville, OH1531021.7%
      Elizabethtown, OH2848020.4%
      Hooven, OH3268119.1%
      Shawnee village, OH5418317.2%
      Edgewood, KY8,7791077.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Burton, SC8,779945.8%
      Palm Beach, FL8,776226126.3%
      Collingdale, PA8,776973.4%
      Pitman, NJ8,7851076.6%
      Thomaston, GA8,7718416.1%
      Edgewood, KY8,7791077.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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