Cold Spring, KY Cost Of Living
Cost Of Living In Cold Spring, KY Summary
Cost of living in Cold Spring 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 Cold Spring 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 Cold Spring is 101, with 100 being the average.
The cost of living index in Cold Spring is 1.0x higher than the national average.
Cold Spring ranks as the #74 cheapest in Kentucky out of 85.
Cold Spring ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Cold Spring is $194,100.
The median income in Cold Spring is $73,732.
Table Of Contents
Cold Spring's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cold Spring, KY?
According to the most recent data on the cost of living, Cold Spring has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Kentucky, Cold Spring has a cost of living index that's 1.1x higher than Kentucky's index of 94.
The standard of living in Cold Spring ranks as #74 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Cold Spring ranks as the #11 most expensive place in the Bluegrass State.
For more reading on life in Cold Spring, check out:
- Living In Cold Spring
- Cold Spring Crime Report
- Search Homes For Sale In Cold Spring, KY
In Kentucky
In America
Cold Spring Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Cold Spring. Here is how it fairs on each of the criteria:
The Services index in Cold Spring is 98.
The Groceries index in Cold Spring is 96.
The Health index in Cold Spring is 99.
The Housing index in Cold Spring is 103.
The Transportation index in Cold Spring is 107.
The Utilities index in Cold Spring is 86.
| Living Expense | Cold Spring | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 101 | 94 | 100 | |
| Services | 98 | 105 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 99 | 79 | 100 | |
| Housing | 103 | 75 | 100 | |
| Transportation | 107 | 102 | 100 | |
| Utilities | 86 | 106 | 100 | |
Cold Spring, 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 Cold Spring is $194,100.
The Median Rent in Cold Spring is $987.
The Median Income in Cold Spring is $73,732.
The Home Value To Income in Cold Spring is 2.6x.
The Rent To Monthly Income in Cold Spring is 0.16x.
| Statistic | Cold Spring | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $194,100 | $155,100 | $244,900 |
| Median Rent | $987 | $826 | $1,163 |
| Median Income | $73,732 | $55,454 | $69,021 |
| Home Value To Income | 2.6x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Cold Spring, KY Costs By Category
Detailed Cold Spring Services Costs Vs. Kentucky
| Item | Cold Spring | 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 Cold Spring Groceries Costs Vs. Kentucky
| Item | Cold Spring | 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 Cold Spring Health Costs Vs. Kentucky
| Item | Cold Spring | Kentucky |
|---|---|---|
| Optometrist | $96.61 | $108.57 |
| Doctor | $109.23 | $116.17 |
| Dentist | $105.08 | $99.13 |
Detailed Cold Spring Transportation Costs Vs. Kentucky
| Item | Cold Spring | Kentucky |
|---|---|---|
| Gasoline | $2.29 | $2.22 |
| Tire Balancing | $57.11 | $50.07 |
Detailed Cold Spring Utilities Costs Vs. Kentucky
| Item | Cold Spring | Kentucky |
|---|---|---|
| All Electricity | $134.81 | $167.67 |
| Phone | $179.1 | $175.64 |
Cold Spring SnackAbility
/10
Cost Of Living In Cities Around Cold Spring
The cost of living varies in the cities and towns around Cold Spring. Here's a quick look at the cost of living in the most populous nearby places:
Monfort Heights, OH has a cost of living index of 98, 1.0x Cold Spring.
Mack, OH has a cost of living index of 104, 1.0x Cold Spring.
Montgomery, OH has a cost of living index of 115, 1.1x Cold Spring.
| City | Population | Cost Of Living | Vs. Cold Spring |
|---|---|---|---|
| Monfort Heights, OH | 13,221 | 98 | 1.0x |
| Mack, OH | 11,452 | 104 | 1.0x |
| Montgomery, OH | 10,796 | 115 | 1.1x |
| Forestville, OH | 10,485 | 99 | 1.0x |
| Alexandria, KY | 10,125 | 96 | 1.0x |
| Madeira, OH | 9,397 | 110 | 1.1x |
| Wyoming, OH | 8,691 | 112 | 1.1x |
| Kenwood, OH | 8,143 | 114 | 1.1x |
| Dry Run, OH | 7,457 | 120 | 1.2x |
| Highland Heights, KY | 6,896 | 94 | 0.9x |
