A-
0%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
3%
Housing NAT. AVG.
Search Homes for Sale
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 Jeffersontown Kentucky National
Cost of living10090100
Goods & Services101101100
Groceries101101100
Health care8484100
Housing10370100
Transportation9292100
Utilities104104100

An Overview of Cost of Living in Jeffersontown, KY

Understanding the cost of living in Jeffersontown can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Jeffersontown cost of living index is 100, which is 0% equal to the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in Jeffersontown closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Jeffersontown can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Is Jeffersontown Affordable?

Wondering if Jeffersontown is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Jeffersontown, for example, the median home price is 1% higher than what folks pay nationally, and monthly rent is 7% higher than the usual rates. Plus, income levels matter too, with Jeffersontown boasting a median household income of $70,951, which is 28.3% higher than the national average.

What Factors can Influence the Cost of Living in Jeffersontown?

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Jeffersontown, the transportation index stands at 8% lower than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Jeffersontown, the groceries index is 1.3% higher than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Jeffersontown, the general sales tax rate starts at 6%, and income tax rates begin at 5%.

Where is the Data From?

The Jeffersontown cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Jeffersontown Area
Search Homes for Sale in Jeffersontown, KY

Cost Of Living Quick Facts

  • The cost of living in Jeffersontown is 11% higher than the Kentucky average
  • The cost of living in Jeffersontown is equal to the national average
  • Jeffersontown housing is 3% 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 Jeffersontown

See all the best places to live around Jeffersontown

Compare Jeffersontown, KY Cost of Living

      vs
      How would you rate the cost of living in Jeffersontown?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Jeffersontown?
      Write a review to give others more information about this area.
      See all Jeffersontown poll results

      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$79,938$6,662$1,865$2,398
      Renters$57,802$4,817$1,349$1,734
      The affordability of the housing market in Jeffersontown, KY as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Jeffersontown homeowners, the median income is $79,938. This indicates that a monthly maximum of $1,865 should be spent by homeowners on all housing related costs. Renters have a median income of $57,802. This indicates that renters would have a maximum of $1,349 for their rent related monthly costs.

      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 Jeffersontown National avg. Difference
      Haircut $26.50$24.269.2%
      Beauty Salon $53.07$45.5616.5%
      Toothpaste $3.50$3.705.6%
      Shampoo $1.21$1.285.3%
      Movie $13.05$12.137.6%
      Bowling $21.91$18.0021.7%

      Groceries

      Item Jeffersontown National avg. Difference
      Ground Beef $6.07$5.844.0%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.72$4.671.0%
      Potatoes $5.19$4.935.1%
      Pizza $10.35$12.0914.4%
      Beer $9.84$10.415.5%

      Health Care

      Item Jeffersontown National avg. Difference
      Optometrist $87.52$125.6830.4%
      Doctor $106.15$135.7821.8%
      Dentist $102.55$113.299.5%
      Ibuprofen $10.64$10.650.1%
      Lipitor $364.92$468.6022.1%

      Housing

      Item Jeffersontown National avg. Difference
      Home Price $186,600.00$184,700.001.0%
      Avg. Mortgage Payment $1,809.12$2,346.6922.9%
      Apartment Rent $1,015.00$949.007.0%

      Transportation

      Item Jeffersontown National avg. Difference
      Gasoline $3.11$3.4610.2%
      Tire Balancing $58.38$59.922.6%

      Utilities

      Item Jeffersontown National avg. Difference
      All Electricity $207.41$193.996.9%
      Phone $192.46$192.250.1%
      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.
      South Park View, KY4990.6%
      Watterson Park, KY9698911.0%
      West Buechel, KY2,0468910.8%
      Shively, KY15,7238910.8%
      Lynnview, KY7609010.1%
      Jeffersontown, KY27,9331000.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Magog, QC27,928n/a 
      Oakdale, MN27,9251054.6%
      Drexel Hill, PA27,9251033.4%
      Lafayette, CO27,95213838.0%
      Winchester, VA27,91211313.0%
      Jeffersontown, KY27,9331000.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.