B+
6%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
30%
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 Fort Campbell North Kentucky National
Cost of living10690100
Goods & Services94101100
Groceries100101100
Health care9184100
Housing13070100
Transportation9292100
Utilities102104100

An Overview of Cost of Living in Fort Campbell North, KY

Getting a feel for the cost of living in Fort Campbell North is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Fort Campbell North is 106, which is 6% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in Fort Campbell North are priced in a manner consistent with other areas. This means that residents of Fort Campbell North can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Housing costs significantly influence the Fort Campbell North cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 29.9%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Fort Campbell North Affordable?

Is Fort Campbell North affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Fort Campbell North, the median home price is 100% lower than the national average and monthly rent prices are 29.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Fort Campbell North boasting a median household income of $40,151, 27.4% lower than the national average.

What Factors can Influence the Cost of Living in Fort Campbell North?

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Fort Campbell North, the housing index stands at 29.9% higher than the national average.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Where is the Data From?

The cost of living data in Fort Campbell North displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Fort Campbell North is 17% higher than the Kentucky average
  • The cost of living in Fort Campbell North is 6% higher than the national average
  • Fort Campbell North housing is 30% 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 Fort Campbell North

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Compare Fort Campbell North, KY Cost of Living

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      Salary Calculator

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      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$0$0$0$0
      Renters$40,342$3,362$941$1,210
      A good way to judge both the affordability of the housing and the cost of living in Fort Campbell North is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Fort Campbell North has a median income of about $0 for people who own homes. Based on that number, a maximum of $0 should be spent on expenses related to housing. Renters have a slightly different median income, which is $40,342. Based on this average, renters should spend no more than $941 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Fort Campbell North National avg. Difference
      Haircut $24.76$24.262.1%
      Beauty Salon $46.01$45.561.0%
      Toothpaste $3.71$3.700.2%
      Shampoo $1.23$1.283.9%
      Movie $13.30$12.139.6%
      Bowling $19.79$18.009.9%

      Groceries

      Item Fort Campbell North National avg. Difference
      Ground Beef $5.70$5.842.4%
      Fried Chicken $1.43$1.578.9%
      Milk $4.68$4.670.2%
      Potatoes $5.16$4.934.6%
      Pizza $10.85$12.0910.3%
      Beer $10.05$10.413.5%

      Health Care

      Item Fort Campbell North National avg. Difference
      Optometrist $96.03$125.6823.6%
      Doctor $116.91$135.7813.9%
      Dentist $104.65$113.297.6%
      Ibuprofen $10.51$10.651.3%
      Lipitor $460.51$468.601.7%

      Housing

      Item Fort Campbell North National avg. Difference
      Home Price $0.00$184,700.00100.0%
      Avg. Mortgage Payment $2,548.79$2,346.698.6%
      Apartment Rent $1,233.00$949.0029.9%

      Transportation

      Item Fort Campbell North National avg. Difference
      Gasoline $3.12$3.469.8%
      Tire Balancing $57.43$59.924.2%

      Utilities

      Item Fort Campbell North National avg. Difference
      All Electricity $183.77$193.995.3%
      Phone $218.37$192.2513.6%
      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.
      Fairview city, KY1488119.0%
      LaFayette, KY1688515.1%
      Pembroke, KY7258712.5%
      Hopkinsville, KY31,0528712.5%
      Oak Grove, KY7,3328911.0%
      Fort Campbell North, KY14,3631066.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Johnstown, CO14,35712525.4%
      Saint-Charles-Borromée, QC14,372n/a 
      Ozark, AL14,3508911.4%
      Southern Pines, NC14,34711111.0%
      Muscle Shoals, AL14,3798911.4%
      Fort Campbell North, KY14,3631066.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.