London, KY Cost Of Living
Cost Of Living In London, KY Summary
Cost of living in London 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 London 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 London is 88, with 100 being the average.
The cost of living index in London is 0.9x lower than the national average.
London ranks as the #27 cheapest in Kentucky out of 85.
London ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in London is $132,700.
The median income in London is $41,795.
Table Of Contents
London's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in London, KY?
According to the most recent data on the cost of living, London has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Kentucky, London has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in London ranks as #27 most affordable out of the 85 places we measured in Kentucky. By definition, that implies London ranks as the #58 most expensive place in the Bluegrass State.
For more reading on life in London, check out:
- Living In London
- London Crime Report
- Search Homes For Sale In London, KY
In Kentucky
In America
London Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in London. Here is how it fairs on each of the criteria:
The Services index in London is 102.
The Groceries index in London is 91.
The Health index in London is 83.
The Housing index in London is 62.
The Transportation index in London is 95.
The Utilities index in London is 103.
| Living Expense | London | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 88 | 94 | 100 | |
| Services | 102 | 105 | 100 | |
| Groceries | 91 | 97 | 100 | |
| Health | 83 | 79 | 100 | |
| Housing | 62 | 75 | 100 | |
| Transportation | 95 | 102 | 100 | |
| Utilities | 103 | 106 | 100 | |
London, 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 London is $132,700.
The Median Rent in London is $699.
The Median Income in London is $41,795.
The Home Value To Income in London is 3.2x.
The Rent To Monthly Income in London is 0.2x.
| Statistic | London | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $132,700 | $155,100 | $244,900 |
| Median Rent | $699 | $826 | $1,163 |
| Median Income | $41,795 | $55,454 | $69,021 |
| Home Value To Income | 3.2x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
London, KY Costs By Category
Detailed London Services Costs Vs. Kentucky
Detailed London Groceries Costs Vs. Kentucky
Detailed London Health Costs Vs. Kentucky
Detailed London Transportation Costs Vs. Kentucky
Detailed London Utilities Costs Vs. Kentucky
London SnackAbility
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Cost Of Living In Cities Around London
The cost of living varies in the cities and towns around London. Here's a quick look at the cost of living in the most populous nearby places:
Richmond, KY has a cost of living index of 92, 1.0x London.
Berea, KY has a cost of living index of 90, 1.0x London.
Somerset, KY has a cost of living index of 85, 1.0x London.
| City | Population | Cost Of Living | Vs. London |
|---|---|---|---|
| Richmond, KY | 34,662 | 92 | 1.0x |
| Berea, KY | 15,465 | 90 | 1.0x |
| Somerset, KY | 11,696 | 85 | 1.0x |
| Middlesborough, KY | 9,493 | 80 | 0.9x |
| Corbin, KY | 8,397 | 80 | 0.9x |
| Williamsburg, KY | 5,272 | 75 | 0.9x |
