Comments about the Cost of Living in Lexington, KY
If I plan on eating out occasionally will it be affordable in Lexington, KY?
Lexington, Kentucky going out to eat at a restaurant and buying food is considered to be affordable. Make sure you take this into account as you plan your overall cost of living in Lexington, KY. (2023-11-27salary.com)
I love to go to sports events, what does Lexington, Kentucky have to offer?
Lexington, KY does not have a major sports team, but don’t worry, check out local colleges and high school sports schedules. These games usually have very cheap tickets and the spirit and enthusiasm of the crowd often makes up for the level of skill. (2023-11-27salary.com)
Are there any good ways to save money on Cable TV and internet service in Lexington, KY?
The average cost of internet access in the U.S. is $66.20 per month. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Pricing for various packages can vary a lot even in the same location. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. One tip to reduce this cost and your overall cost of living, is to get cable service from another source like Direct TV, Netflix, Sling, Amazon Prime or others. (2023-11-27salary.com)
I am moving with children, what should I do to make the move less stressful for them and myself?
Make sure your child has a favorite toy, doll, game, clothing, blanket, snacks, etc. to take with them during the transition. Once you arrive, let your child help with arranging and decorating their new room. You may be tempted to unpack everything when you arrive, but make sure you take a break from unpacking to spend time playing and relaxing with your child. Plan on packing a special bag to take with you with those items that you will need first. Towels, soap, a few basic kitchen utensils and food items like crackers, tea, juice, will make your new location functional as soon as you arrive and fell more like home. A small new toy, book, or video that you give to your child when you arrive might help them to feel happy and relaxed in the new location. (2023-11-27salary.com)
Electricity bills are a big part of my current cost of living and can be really high, what is the cost of electricity in Lexington, Kentucky?
Electric costs in Lexington,KY are currently the fourth lowest when compared to other states. Since a year ago the price of electricity in Kentucky has gone down about 1.123%. Electric costs will contribute to the energy component of your overall cost of living. (2023-11-27salary.com)
I have a child, how much will child care cost per month in Lexington, Kentucky ?
The estimated average annual cost for child care in Lexington, Kentucky (based on state average), is $6294. This cost is ranked NO. 44 nationally. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. (2023-11-27salary.com)
Should I plan on spending a lot on rent in Lexington,KY?
In Lexington,KY, the median rent for a 1 bedroom apartment is $663, and for a 2 bedroom apartment is $850. In general, in the past year, rental costs in Lexington have increased slightly by approximately 0.1%. Since rental expense makes up a significant part of the cost of living, you should consider this expense and how it might change when you calculate your cost of living in a new city. (2023-11-27salary.com)
What can you do for free in Lexington, KY?
Looks for areas of Lexington, Kentucky where there is a large student population. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your cost of living reasonable. Look at the website for Lexington, KY to find recommendations for activities that are available and unique to the area. (2023-11-27salary.com)
How does Lexington, Kentucky compare to the rest of U.S. as far as all the taxes that will affect my cost of living?
The overall tax ranking for Lexington, Kentucky, which is based on a composite of state wide taxes including income taxes, sales taxes, property taxes, insurance taxes, and business taxes is in the middle compared to the rest of the United States. This overall tax profile can definitely impact your cost of living in Lexington, KY. (2023-11-27salary.com)
Can you save money using public transport?
You could save up to $1,000 per year, depending on your location, by using public transport instead of driving. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. (2023-11-27salary.com)
Cost of Living Frequently Asked Questions
What is a Cost of Living index and how is it used?
In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family.
What factors are included in estimating your cost of living?
The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison.
The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly.