Zip 40356 (Nicholasville, KY) Cost of Living


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How much do I need to live in Nicholasville, Kentucky?
$4,170 / month
for a family, 22.8% less expensive than the national average A total of $50,040 for the year for a family.
$2,467 / month
for a single person, 48.2% less expensive than the national average A total of $29,600 for the year for a single person.

Nicholasville cost of living score
87.2
Less expensive
12.8% lower
than the US average
6.0% higher
than the Kentucky average
Nicholasville (zip 40356), Kentucky gets a BestPlaces Cost of Living score of 87.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.8% lower than the U.S. average and 6.0% lower than the average for Kentucky.

Zip 40356 (Nicholasville, KY)

Housing costs in Nicholasville?
A typical home costs $260,600, which is 22.9% less expensive than the national average of $338,100 and 34.1% more expensive than the average Kentucky home, at $194,300. Renting a two-bedroom unit in Nicholasville costs $900 per month, which is 2.2% cheaper than the national average of $920 and 14.4% cheaper than the state average of $1,030.

Can I afford Nicholasville?
To live comfortably in Nicholasville (zip 40356), Kentucky, a minimum annual income of $50,040 for a family, and $29,600 for a single person is recommended.

What does A.I. say about Nicholasville?
The cost of living in 40356 Nicholasville, KY is overall quite reasonable compared to other locations throughout the country. The median home value is around $217,000 and the median rent price is just over $1,000 a month. Groceries and health care costs are also relatively low in comparison to other cities. Overall locals can find plenty of reasonably priced homes and apartments for rent as well as a variety of grocery stores and restaurants with reasonable prices. Additionally, there is no state income tax which helps keep overall costs of living down even more.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesNicholasvilleKentuckyUnited States
    Unlock82.3100.0
  96.2  Unlock100.0
    Unlock102.2100.0
  69.7  Unlock100.0
    Unlock$194,300$338,100
  92.2  Unlock100.0
    Unlock89.1100.0
  90.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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