Fort Mitchell, KY Cost Of Living
Cost Of Living In Fort Mitchell, KY Summary
Cost of living in Fort Mitchell 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 Fort Mitchell 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 Fort Mitchell is 100, with 100 being the average.
The cost of living index in Fort Mitchell is 1.0x lower than the national average.
Fort Mitchell ranks as the #72 cheapest in Kentucky out of 85.
Fort Mitchell ranks as the #3,149 cheapest out of 6,412 in the US.
The median home value in Fort Mitchell is $277,600.
The median income in Fort Mitchell is $72,669.
Table Of Contents
Fort Mitchell's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Fort Mitchell, KY?
According to the most recent data on the cost of living, Fort Mitchell has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Kentucky, Fort Mitchell has a cost of living index that's 1.1x higher than Kentucky's index of 94.
The standard of living in Fort Mitchell ranks as #72 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Fort Mitchell ranks as the #13 most expensive place in the Bluegrass State.
For more reading on life in Fort Mitchell, check out:
- Living In Fort Mitchell
- Fort Mitchell Crime Report
- Search Homes For Sale In Fort Mitchell, KY
In Kentucky
In America
Fort Mitchell Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Fort Mitchell. Here is how it fairs on each of the criteria:
The Services index in Fort Mitchell is 100.
The Groceries index in Fort Mitchell is 95.
The Health index in Fort Mitchell is 102.
The Housing index in Fort Mitchell is 111.
The Transportation index in Fort Mitchell is 106.
The Utilities index in Fort Mitchell is 88.
| Living Expense | Fort Mitchell | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 100 | 94 | 100 | |
| Services | 100 | 105 | 100 | |
| Groceries | 95 | 97 | 100 | |
| Health | 102 | 79 | 100 | |
| Housing | 111 | 75 | 100 | |
| Transportation | 106 | 102 | 100 | |
| Utilities | 88 | 106 | 100 | |
Fort Mitchell, 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 Fort Mitchell is $277,600.
The Median Rent in Fort Mitchell is $840.
The Median Income in Fort Mitchell is $72,669.
The Home Value To Income in Fort Mitchell is 3.8x.
The Rent To Monthly Income in Fort Mitchell is 0.14x.
| Statistic | Fort Mitchell | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $277,600 | $155,100 | $244,900 |
| Median Rent | $840 | $826 | $1,163 |
| Median Income | $72,669 | $55,454 | $69,021 |
| Home Value To Income | 3.8x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Fort Mitchell, KY Costs By Category
Detailed Fort Mitchell Services Costs Vs. Kentucky
| Item | Fort Mitchell | 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 Fort Mitchell Groceries Costs Vs. Kentucky
| Item | Fort Mitchell | 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 Fort Mitchell Health Costs Vs. Kentucky
| Item | Fort Mitchell | Kentucky |
|---|---|---|
| Optometrist | $96.61 | $108.57 |
| Doctor | $109.23 | $116.17 |
| Dentist | $105.08 | $99.13 |
Detailed Fort Mitchell Transportation Costs Vs. Kentucky
| Item | Fort Mitchell | Kentucky |
|---|---|---|
| Gasoline | $2.29 | $2.22 |
| Tire Balancing | $57.11 | $50.07 |
Detailed Fort Mitchell Utilities Costs Vs. Kentucky
| Item | Fort Mitchell | Kentucky |
|---|---|---|
| All Electricity | $134.81 | $167.67 |
| Phone | $179.1 | $175.64 |
Fort Mitchell SnackAbility
/10
Cost Of Living In Cities Around Fort Mitchell
The cost of living varies in the cities and towns around Fort Mitchell. Here's a quick look at the cost of living in the most populous nearby places:
Covington, KY has a cost of living index of 88, 0.9x Fort Mitchell.
Erlanger, KY has a cost of living index of 89, 0.9x Fort Mitchell.
Monfort Heights, OH has a cost of living index of 98, 1.0x Fort Mitchell.
| City | Population | Cost Of Living | Vs. Fort Mitchell |
|---|---|---|---|
| Covington, KY | 40,930 | 88 | 0.9x |
| Erlanger, KY | 19,506 | 89 | 0.9x |
| 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 |
| Madeira, OH | 9,397 | 110 | 1.1x |
| Wyoming, OH | 8,691 | 112 | 1.1x |
| Edgewood, KY | 8,427 | 103 | 1.0x |
| Kenwood, OH | 8,143 | 114 | 1.1x |
