Cold Spring, KY, has a cost of living index that is slightly below the nationwide average. The overall index stands at 95, which is 5% lower than the national average of 100. This means that, on average, residents in Cold Spring can expect to spend less on most goods and services.
Specifically, housing costs are 5% below the national average, while groceries and utilities are just slightly below. Transportation costs are also 4% below the national average, making it a more affordable place to live in these categories.
The cost of living in Cold Spring, KY, is notably lower than the nationwide average, which is set at 100. Housing costs in Cold Spring stand at 95, indicating that residents can expect to pay 5% less than the average American. This reduction in housing expenses can be a significant advantage for those looking to settle in Cold Spring, as it provides more financial flexibility for other expenses.
In addition to housing, the cost of groceries in Cold Spring is slightly below the national average, with an index of 97. This means that groceries cost 3% less than the average. Utilities, another essential expense, are also slightly lower, with an index of 98, representing a 2% decrease. Transportation costs are at 96, which is 4% less than the national average. Healthcare costs are at 92, showing an 8% reduction, which can be particularly beneficial for families and individuals. Miscellaneous costs are at 94, indicating a 6% decrease. Overall, Cold Spring offers a cost of living that is 6% below the national average, making it an attractive option for those seeking affordability without sacrificing quality of life.
