The cost of living index in Versailles, KY, is lower than the nationwide average of 100. Specifically, Versailles’ overall cost of living index stands at 89, reflecting a 11% decrease from the national average. This favorable index includes housing at 85, groceries at 92, utilities at 95, transportation at 88, healthcare at 90, and miscellaneous expenses at 87. Versailles offers a relatively affordable lifestyle compared to the national average, making it an attractive option for those seeking to minimize living expenses. This advantageous cost of living can potentially increase disposable income, providing job seekers more financial flexibility.
The cost of living index in Versailles, KY, offers a glimpse into how expenses compare to the national average, which is set at 100. Versailles residents find that their housing costs are 15% lower than the nationwide average. This means that the price for housing, such as rent or mortgage payments, is notably more affordable compared to the rest of the country. Additionally, groceries in Versailles cost slightly more, with an index of 92, reflecting a modest 8% increase over the national average.
Utilities in Versailles are also a bit below the national average, with an index of 95. This represents a 5% increase, showing that expenses related to electricity, gas, water, and other services remain relatively close to the national norm. Transportation costs in Versailles are 12% lower than the national average, with an index of 88, making it easier for residents to get around without significant financial strain. Healthcare costs stand at an index of 90, which is just a 10% increase over the national average, offering fairly comparable access to medical services. Miscellaneous expenses, with an index of 87, show an overall 13% decrease, indicating that other day-to-day costs are quite reasonable in Versailles.
