Erlanger, KY Cost Of Living
Cost Of Living In Erlanger, KY Summary
Cost of living in Erlanger 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 Erlanger 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 Erlanger is 89, with 100 being the average.
The cost of living index in Erlanger is 0.9x lower than the national average.
Erlanger ranks as the #35 cheapest in Kentucky out of 85.
Erlanger ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Erlanger is $148,500.
The median income in Erlanger is $68,769.
Table Of Contents
Erlanger's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Erlanger, KY?
According to the most recent data on the cost of living, Erlanger has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Erlanger has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Erlanger ranks as #35 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Erlanger ranks as the #50 most expensive place in the Bluegrass State.
For more reading on life in Erlanger, check out:
- Living In Erlanger
- Erlanger Crime Report
- Search Homes For Sale In Erlanger, KY
In Kentucky
In America
Erlanger Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Erlanger. Here is how it fairs on each of the criteria:
The Services index in Erlanger is 101.
The Groceries index in Erlanger is 94.
The Health index in Erlanger is 101.
The Housing index in Erlanger is 70.
The Transportation index in Erlanger is 106.
The Utilities index in Erlanger is 89.
| Living Expense | Erlanger | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 89 | 94 | 100 | |
| Services | 101 | 105 | 100 | |
| Groceries | 94 | 97 | 100 | |
| Health | 101 | 79 | 100 | |
| Housing | 70 | 75 | 100 | |
| Transportation | 106 | 102 | 100 | |
| Utilities | 89 | 106 | 100 | |
Erlanger, 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 Erlanger is $148,500.
The Median Rent in Erlanger is $883.
The Median Income in Erlanger is $68,769.
The Home Value To Income in Erlanger is 2.2x.
The Rent To Monthly Income in Erlanger is 0.15x.
| Statistic | Erlanger | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $148,500 | $155,100 | $244,900 |
| Median Rent | $883 | $826 | $1,163 |
| Median Income | $68,769 | $55,454 | $69,021 |
| Home Value To Income | 2.2x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Erlanger, KY Costs By Category
Detailed Erlanger Services Costs Vs. Kentucky
Detailed Erlanger Groceries Costs Vs. Kentucky
Detailed Erlanger Health Costs Vs. Kentucky
Detailed Erlanger Transportation Costs Vs. Kentucky
Detailed Erlanger Utilities Costs Vs. Kentucky
Erlanger SnackAbility
/10
Cost Of Living In Cities Around Erlanger
The cost of living varies in the cities and towns around Erlanger. 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, 1.1x Erlanger.
Mack, OH has a cost of living index of 104, 1.2x Erlanger.
Montgomery, OH has a cost of living index of 115, 1.3x Erlanger.
| City | Population | Cost Of Living | Vs. Erlanger |
|---|---|---|---|
| Monfort Heights, OH | 13,221 | 98 | 1.1x |
| Mack, OH | 11,452 | 104 | 1.2x |
| Montgomery, OH | 10,796 | 115 | 1.3x |
| Forestville, OH | 10,485 | 99 | 1.1x |
| Madeira, OH | 9,397 | 110 | 1.2x |
| Elsmere, KY | 9,080 | 91 | 1.0x |
| Wyoming, OH | 8,691 | 112 | 1.3x |
| Fort Mitchell, KY | 8,618 | 100 | 1.1x |
| Edgewood, KY | 8,427 | 103 | 1.2x |
| Kenwood, OH | 8,143 | 114 | 1.3x |
