Mount Washington, KY, has a lower cost of living index than the nationwide average. The overall cost of living index for Mount Washington stands at 94, which is 6% below the national average of 100. Housing in Mount Washington costs 15% less, while groceries, utilities, and miscellaneous expenses are slightly below the average. Transportation costs are 10% lower, but healthcare expenses are 5% higher compared to the national average. This balance makes Mount Washington an attractive option for those seeking more affordable living without compromising essential services.
The cost of living in Mount Washington, KY, shows some differences when compared to the nationwide average, which is set at 100. Housing costs in Mount Washington are notably lower, with an index of 85. This means residents spend about 15% less on housing compared to the national average. The lower housing costs can make living in Mount Washington more affordable for many families and individuals.
In other areas, Mount Washington's cost of living is close to the nationwide average. For example, groceries cost slightly less, at 95, which means a 5% savings. Utilities are nearly at par with the national average, showing a minor increase of 2%. Transportation costs also show a slight decrease, with an index of 90, meaning a 10% reduction. Healthcare costs are a bit higher, with an index of 105, which is a 5% increase. Miscellaneous expenses stand at 92, indicating a 2% savings. Overall, Mount Washington offers a mix of lower and slightly higher costs, making it a balanced choice for potential residents.
