Cost of Living in London, KY
Population 7,576 · Kentucky · Data vintage 2023
(100 = US avg)
Household incomes in London run well below national norms — a median of $45,850 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $156,000). The labor market has been unusually tight, with unemployment around 2.8% — below most comparable cities in the state.
Geographically, London is about 70 miles south of Lexington-Fayette urban county, the nearest large metro. Median home values run roughly 43% lower than Lexington-Fayette urban county's $272,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in London
The median home value in London is $155,500 — 49% below the national median of $305,000. Median rent runs $783/month, 40% lower than the national median of $1,314/month. The median household income of $45,850/year is 39% lower than the US median of $74,580. The local unemployment rate is 2.8%, below the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. The climate averages highs of 67.5°F and lows of 46.2°F. Overall, London has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.
London has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 45 | 50 | 58 | 69 | 77 | 84 | 86 | 86 | 80 | 70 | 58 | 49 |
| Low °F | 27 | 30 | 36 | 45 | 54 | 62 | 66 | 65 | 58 | 45 | 36 | 30 |
| Precip" | 3.89 | 4.02 | 4.57 | 4.65 | 5.04 | 5.06 | 5.16 | 3.97 | 3.55 | 3.29 | 3.52 | 4.54 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in London, KY?
London has a cost index of 54 (100 = national average). It is 46% below the national average.
What is average rent in London, KY?
The median gross rent in London is $783 per month based on 2023 Census data.
What is the average home price in London?
The median home value in London is $155,500 according to Zillow and Census data.
What is the median income in London?
The median household income in London is $45,850 per year (2023 ACS 5-year estimates).
What is the sales tax in London, KY?
The combined state and local sales tax rate in London is 6.0%. The Kentucky state income tax top rate is 4.0%.
Is London, KY affordable?
Yes, London is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.
What is the weather like in London?
London has average high temperatures of 67.5°F and average lows of 46.2°F. Annual precipitation is 51.3". Data from NOAA 1991–2020 Climate Normals.
London at a Glance
- Population
- 7,576
- Median Income
- $45,850
- Home Value
- $155,500
- Median Rent
- $783/mo
- Unemployment
- 2.8%
- Avg High Temp
- 67.5°F
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Kentucky Rankings
Similar Cost Cities
Cities in other states with comparable housing costs