Versailles, KY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
91
Versailles's Overall Cost Of Living
0.9x
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:

44 out of 85
In Kentucky
1,804 out of 6,412
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
For more reading on cost of living around Kentucky, check out:
Versailles Cost of Living Vs. KY

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
Search Homes For Sale In Versailles, KY
$196,800
Median Home Value
$760
Median Rent
$51,985
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

6
/10
Overall SnackAbility
Jobs
7/10
Housing
6
Affordability
6
Diversity
8
Safety
8
Amenities
8.5
Education
7
Commute
9

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

Articles About Kentucky

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