Living in the charming town of Versailles, KY costs around $3,800 per month for a couple to live comfortably in 2025. Here’s a closer look at the monthly expenses and lifestyle considerations for calling Versailles home.
Housing Costs
Housing is the biggest expense for most Versailles residents. The median rent for a 2-bedroom apartment in Versailles is around $1,100 per month as of 2025. For a typical 3-bedroom house, expect to pay between $1,300 to $1,600 monthly in rent or mortgage payments.
Here’s a quick comparison:
- 2BR Apartment: $1,000 – $1,200
- 3BR House: $1,300 – $1,600
Some neighborhoods have optional Homeowners Association (HOA) fees, which can add $100 to $300 per month. Factor this in if you’re considering a home in an HOA community.
Utilities and Energy Bills
Utility costs in Versailles are fairly moderate, thanks to the temperate climate. However, expect some seasonal spikes, especially in summer when air conditioning drives up electric bills. For a 3-bedroom home, here are typical monthly utility costs:
| Electricity | $120 – $180 |
| Gas | $40 – $80 |
| Water/Sewer | $50 – $70 |
| Trash | $20 – $30 |
| Total | $230 – $360 |
Budget an extra $50 per month in the peak of summer for higher AC costs. Many homes use gas for heating, which helps keep winter bills manageable.
Groceries and Daily Expenses
Food costs in Versailles are slightly lower than the national average. Expect to spend around $300 to $400 per person each month for groceries. This covers basics like milk, bread, eggs, meat, produce, and household items.
A typical basket of staples in Versailles might include:
- Gallon of milk: $3.50
- Loaf of bread: $2.75
- Dozen eggs: $2.00
- Pound of chicken: $3.25
Dining out adds to the budget. A meal for two at a mid-range restaurant in Versailles averages $50, before tax and tip. Budget an extra $200 to $400 monthly if you eat out a few times a week.
Taxes and Hidden Fees
Kentucky has a flat income tax rate of 5% as of 2025. Versailles residents pay Woodford County property taxes, which are around 0.92% of assessed home value. For a $250,000 house, that’s $2,300 per year or about $192 per month.
Sales tax in Versailles is 6%, a combination of Kentucky’s 6% state rate and 0% local rate. Vehicle registration fees are $21 per year in Woodford County.
| Income Tax | 5% flat rate |
| Property Tax | 0.92% (county rate) |
| Sales Tax | 6% (6% state + 0% local) |
| Vehicle Tax | $21 per year |
Summary Monthly Budget
So what does it really cost to live in Versailles? Here’s a sample monthly budget for a couple and a family of four, based on average expenses:
| Expense | Couple | Family of 4 |
|---|---|---|
| Housing (3BR) | $1,450 | $1,450 |
| Utilities | $295 | $360 |
| Groceries | $700 | $1,200 |
| Dining Out | $300 | $400 |
| Transportation | $500 | $800 |
| Healthcare | $600 | $1,200 |
| Total | $3,845 | $5,410 |
Note that these are approximate pre-tax figures. With Kentucky’s 5% income tax, a couple would need to earn around $4,050 gross per month to bring home $3,845. For the family budget, gross monthly income would need to be about $5,700.
Lifestyle Considerations
Versailles offers a high quality of life for its cost of living. Commute times are short, with most residents getting to work in under 25 minutes. Homes are relatively spacious, with even modest 3-bedroom houses often having over 1,500 square feet.
The trade-off is convenience versus affordability. Versailles doesn’t have as many amenities as nearby Lexington, but it makes up for it with a lower cost of living, especially in housing. Newer homes with modern features tend to be pricier, while older homes offer better value if you don’t mind some dated elements.
Overall, Versailles provides a great balance for families and professionals who want an affordable suburban lifestyle with access to city amenities. It’s a safe, friendly community with highly rated schools and ample parks and recreation.
Frequently Asked Questions
- What salary do you need to live in Versailles?
A couple can live comfortably in Versailles on a gross income of around $48,000 per year ($4,000 per month). For a family of four, aim for at least $68,000 annually ($5,700 monthly). - Is Versailles cheaper than Lexington?
Yes, the cost of living in Versailles is about 10% lower than Lexington overall. The biggest difference is housing, which costs around 20% less in Versailles. - Are utilities expensive in Versailles?
Utility costs in Versailles are moderate, averaging $230 to $360 per month for a typical household. Expect to pay more for electricity in the summer when air conditioning is needed. - How much is property tax in Versailles?
The property tax rate in Versailles (Woodford County) is around 0.92% of assessed home value. On a $250,000 house, that equates to $2,300 per year or $192 per month. - What’s the sales tax rate in Versailles?
Versailles has a 6% sales tax rate, which combines Kentucky’s 6% state sales tax with a 0% local rate. This applies to most goods and services, with some exceptions like groceries and prescription drugs.