Cost of Living in Mount Sterling

Mount Sterling's cost of living centers on a real, disclosed housing-price spread and a genuinely low county property tax rate.

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A real, disclosed housing-price spread

Mount Sterling's home-value figures carried a real, disclosed cross-source spread: an estimated $206,214 median value versus a higher $254,563 median asking price for vacant for-sale homes -- confirm current, specific comparables directly.

A genuinely low property tax rate

Montgomery County's own effective property tax rate ran approximately 0.73% -- genuinely below both the national average (0.92%) and Kentucky's own statewide 0.80%-0.85% range, ranking approximately 43rd of Kentucky's 120 counties.

Kentucky's flat 6% sales tax, no local add-ons

Kentucky applies a real, flat 6% sales tax statewide with NO local city or county add-ons.

Key takeaways

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.