Cost of Living in River Bluff, Kentucky
River Bluff is a city in Oldham County, Kentucky, with a population of 471. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in River Bluff is $36,053 a year — greater than the annual cost of living for Kentucky of $32,557 yet less than the national figure of $38,433.
Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in River Bluff and over 29,000 other cities and towns in the US.
Housing Costs in River Bluff, Kentucky
Housing is one of the largest components of cost of living. In River Bluff, the median home value is $289,200, greater than the national median home value of $204,900.
Renting is a sometimes lower cost alternative to homeownership. In River Bluff, some 1.30% of occupied homes are rented, less than the 36.2% national renter rate.
In addition to home value, one of the largest determinants of housing affordability is area income. While nationwide the price of a typical U.S. home is 3.4 times the $60,293 U.S. median household income, housing affordability ratios range from approximately 1.0 in the least expensive cities to more than 10.0 in the country's most expensive markets. In River Bluff, the median household income is $108,636, 2.7 times the median home value.
Transportation Costs in River Bluff, Kentucky
Transportation can also be a significant component of cost of living. In River Bluff, 85.20% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 80.90% of workers commute to jobs outside of River Bluff, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in River Bluff is 27.1 minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in River Bluff spends $11,126 a year on transportation, more than the national average of $9,760.
Health Care Costs in River Bluff, Kentucky
Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are far lower than they are on average nationwide in River Bluff and also below what they are across Kentucky as a whole.
For a single adult living in the area, average health care costs come out to $3,168 per year, compared to an average of $3,679 across Kentucky and $4,266 nationwide.
Child care Costs in River Bluff, Kentucky
For families with children, child care adds thousands of dollars to overall annual spending. In River Bluff, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $15,846, about $2,900 more than the comparable average of $12,978 across all of Kentucky. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.
Food Costs in River Bluff, Kentucky
Food is another every day expense that has a significant impact on overall cost of living. Data from the U.S. Department of Agriculture shows that the cost of food varies from city to city and town to town.
In River Bluff, a single adult spends an average of $3,133 on food annually, and a family of four spends $9,046 on average. For context, average annual food expenditure across Kentucky and the U.S., respectively, are $2,932 and $3,240 for a single adult, and $8,467 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.
Taxes in River Bluff, Kentucky
Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in River Bluff, Kentucky pays $6,515 annually — a relatively high sum compared to the the statewide average of $5,723.
It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, River Bluff residents live in a state with a low average tax burden. Per capita state tax collections in Kentucky total $2,699 per year, compared to the $3,151 average across all states.
To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap.
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