Cost Of Living in Union, KY

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	Union	Kentucky	National
Cost of living	120	90	100
Goods & Services	102	101	100
Groceries	102	101	100
Health care	103	84	100
Housing	162	70	100
Transportation	102	92	100
Utilities	100	104	100

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Cost Of Living Quick Facts

The cost of living in Union is 32% higher than the Kentucky average
The cost of living in Union is 20% higher than the national average
Union housing is 62% 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

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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	$123,630	$10,303	$2,885	$3,709
Renters	$108,750	$9,063	$2,537	$3,263

The affordability of the housing market in Union, 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 Union homeowners, the median income is $123,630. This indicates that a monthly maximum of $2,885 should be spent by homeowners on all housing related costs. Renters have a median income of $108,750. This indicates that renters would have a maximum of $2,537 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	Union	National avg.	Difference
Haircut	$25.13	$24.26	3.6%
Beauty Salon	$37.93	$45.56	16.7%
Toothpaste	$3.60	$3.70	2.7%
Shampoo	$1.27	$1.28	0.6%
Movie	$14.35	$12.13	18.3%
Bowling	$17.56	$18.00	2.5%

Groceries

Item	Union	National avg.	Difference
Ground Beef	$5.91	$5.84	1.2%
Fried Chicken	$1.72	$1.57	9.1%
Milk	$4.80	$4.67	2.7%
Potatoes	$5.05	$4.93	2.3%
Pizza	$11.92	$12.09	1.4%
Beer	$10.63	$10.41	2.1%

Health Care

Item	Union	National avg.	Difference
Optometrist	$105.42	$125.68	16.1%
Doctor	$159.40	$135.78	17.4%
Dentist	$106.67	$113.29	5.8%
Ibuprofen	$10.68	$10.65	0.3%
Lipitor	$497.02	$468.60	6.1%

Housing

Item	Union	National avg.	Difference
Home Price	$279,400.00	$184,700.00	51.3%
Avg. Mortgage Payment	$1,993.26	$2,346.69	15.1%
Apartment Rent	$1,774.00	$949.00	86.9%

Transportation

Item	Union	National avg.	Difference
Gasoline	$3.27	$3.46	5.6%
Tire Balancing	$73.09	$59.92	22.0%

Utilities

Item	Union	National avg.	Difference
All Electricity	$197.10	$193.99	1.6%
Phone	$186.48	$192.25	3.0%

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.
Florence, IN	46	102	1.7%
Petersburg, KY	368	102	1.7%
Shawnee, OH	1,054	102	1.7%
Elizabethtown, OH	284	80	20.4%
Shawnee village, OH	541	83	17.2%
Union, KY	5,988	120	19.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Shaw Heights, CO	5,987	121	21.3%
Pontiac, QC	5,989	n/a
Maquoketa, IA	5,990	84	16.3%
Charles Town, WV	5,985	113	13.1%
Kodiak, AK	5,983	124	23.7%
Union, KY	5,988	120	19.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Union, KY