Versailles, KY Cost Of Living
Cost Of Living In Versailles, KY Summary
Cost of living in Versailles 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 Versailles 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 Versailles is 91, with 100 being the average.
The cost of living index in Versailles is 0.9x lower than the national average.
Versailles ranks as the #44 cheapest in Kentucky out of 85.
Versailles ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Versailles is $196,800.
The median income in Versailles is $51,985.
Table Of Contents
Versailles's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Versailles, KY?
According to the most recent data on the cost of living, Versailles has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Versailles has a cost of living index that's 1.0x lower than Kentucky's index of 94.
The standard of living in Versailles ranks as #44 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Versailles ranks as the #41 most expensive place in the Bluegrass State.
For more reading on life in Versailles, check out:
- Living In Versailles
- Versailles Crime Report
- Search Homes For Sale In Versailles, KY
In Kentucky
In America
Versailles Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Versailles. Here is how it fairs on each of the criteria:
The Services index in Versailles is 102.
The Groceries index in Versailles is 91.
The Health index in Versailles is 79.
The Housing index in Versailles is 77.
The Transportation index in Versailles is 92.
The Utilities index in Versailles is 102.
| Living Expense | Versailles | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 91 | 94 | 100 | |
| Services | 102 | 105 | 100 | |
| Groceries | 91 | 97 | 100 | |
| Health | 79 | 79 | 100 | |
| Housing | 77 | 75 | 100 | |
| Transportation | 92 | 102 | 100 | |
| Utilities | 102 | 106 | 100 | |
Versailles, 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 Versailles is $196,800.
The Median Rent in Versailles is $760.
The Median Income in Versailles is $51,985.
The Home Value To Income in Versailles is 3.8x.
The Rent To Monthly Income in Versailles is 0.18x.
| Statistic | Versailles | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $196,800 | $155,100 | $244,900 |
| Median Rent | $760 | $826 | $1,163 |
| Median Income | $51,985 | $55,454 | $69,021 |
| Home Value To Income | 3.8x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Versailles, KY Costs By Category
Detailed Versailles Services Costs Vs. Kentucky
| Item | Versailles | Kentucky |
|---|---|---|
| Shampoo | $0.94 | $1.06 |
| Movie | $9.56 | $10.68 |
| Bowling | $15.2 | $14.67 |
| Haircut | $17.72 | $18.62 |
| Beauty Salon | $37.9 | $39.05 |
Detailed Versailles Groceries Costs Vs. Kentucky
| Item | Versailles | Kentucky |
|---|---|---|
| Ground Beef | $4.12 | $4.22 |
| Fried Chicken | $1.11 | $1.39 |
| Milk | $1.64 | $2.05 |
| Potatoes | $2.9 | $3.29 |
| Pizza | $10.33 | $10.62 |
| Beer | $9.29 | $9.38 |
| Toothpaste | $1.74 | $2.34 |
Detailed Versailles Health Costs Vs. Kentucky
| Item | Versailles | Kentucky |
|---|---|---|
| Optometrist | $74.07 | $108.57 |
| Doctor | $82.39 | $116.17 |
| Dentist | $76.8 | $99.13 |
Detailed Versailles Transportation Costs Vs. Kentucky
| Item | Versailles | Kentucky |
|---|---|---|
| Gasoline | $2.08 | $2.22 |
| Tire Balancing | $44.57 | $50.07 |
Detailed Versailles Utilities Costs Vs. Kentucky
| Item | Versailles | Kentucky |
|---|---|---|
| All Electricity | $157.57 | $167.67 |
| Phone | $206.48 | $175.64 |
Versailles SnackAbility
/10
Cost Of Living In Cities Around Versailles
The cost of living varies in the cities and towns around Versailles. Here's a quick look at the cost of living in the most populous nearby places:
Georgetown, KY has a cost of living index of 92, 1.0x Versailles.
Nicholasville, KY has a cost of living index of 92, 1.0x Versailles.
Frankfort, KY has a cost of living index of 89, 1.0x Versailles.
| City | Population | Cost Of Living | Vs. Versailles |
|---|---|---|---|
| Georgetown, KY | 36,281 | 92 | 1.0x |
| Nicholasville, KY | 31,066 | 92 | 1.0x |
| Frankfort, KY | 28,479 | 89 | 1.0x |
| Lawrenceburg, KY | 11,675 | 89 | 1.0x |
| Wilmore, KY | 6,025 | 91 | 1.0x |
