Average Cost of Living in Kentucky: $36,574 per year The average cost of living in Kentucky is $36,574 per person, according to the most recent personal consumption expenditure data from the Bureau of Economic Analysis’ latest Personal Consumption Expenditures data .
How much money do you need to live comfortably in KY?
Kentucky’s living wage for an individual is $14.16 an hour, or $29,459 a year. Housing costs an individual $6,907 annually. A family of four requires $20.16 an hour, or $83,274 a year, to cover their basic needs. Annually, they will spend $9,708 on housing, $12,965 on transportation, and $14,955 on childcare.
How expensive is it to live in Kentucky?
Cost of Living
| Annual Average Salary | Cost of Living Index (Base US) | |
|---|---|---|
| Kentucky | $43,794 | 86.9 |
| USA | $53,246 | 100.0 |
How much does it cost to live in Kentucky per month?
Monthly rent for a one-bedroom in the state is $587, while the typical rent for a unit with five or more bedrooms is $1,058. Across the state, 33.0% of occupied homes are rented, less than the 36.2% national average and the 20th lowest renter rate of any state.
How much do you need to make a year to live in Kentucky?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Required annual income after taxes | $26,055 | $40,691 |
| Annual taxes | $6,092 | $9,514 |
| Required annual income before taxes | $32,147 | $50,205 |
What is low income Kentucky?
$1,273. $1,147. Annual Income Needed to Afford. Kentucky.
What is middle class in KY?
The middle class is usually defined as the group of earners in the center of the earning scale.
How much you have to earn to be middle class in every state.
| State | Middle-class income | Median household income |
|---|---|---|
| Kentucky | $43,747 | $52,295 |
| Indiana | $43,310 | $57,603 |
| Mississippi | $41,839 | $45,792 |
| West Virginia | $41,649 | $48,850 |
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Where is the cheapest place to live in Kentucky?
The 10 Cheapest Places to Live in Kentucky
- Princeton. According to Home Snacks, the cheapest place to live in Kentucky is Princeton, which is a small city in western Kentucky that is home to 6,116 people.
- Flatwoods.
- Bardstown.
- Dayton.
- Russellville.
- Hazard.
- Harrodsburg.
- Bellevue.
Does Kentucky have a low cost of living?
Kentucky
Across the board, Kentucky’s living costs are lower than the U.S. average. In several areas of the Bluegrass state, like certain parts of Louisville for instance, you can find areas where there are fairly priced groceries and utilities.
Is it cheaper to live in KY or TN?
In terms of utilities, healthcare, and transportation, Tennessee ranks ninth versus the national average. The average cost of living in areas like New Jersey and Morristown is 13% lower than the US average. Tennessee’s cost of living is 10.7% more expensive than Kentucky.
Is Ky a safe place to live?
Kentucky is a very safe state, overall. The Bluegrass State logged a violent crime rate of 2.26 per 1,000 and a property crime rate of 21.29, both of which are below the national averages.
Is Kentucky a nice state to live?
Is Kentucky a Good Place to Live? Kentucky is an excellent place to live if you’re looking for affordable home prices, a low cost of living, delicious bourbon, top-tier national and state parks, southern friendliness, and did we mention good bourbon!
Will Kentucky pay you to move there?
The incentive package includes up to $2,500 reimbursement for moving expenses, a $70 per month internet allowance for a year, a one-year payroll tax waiver and passes to cultural attractions. The city says in a news release that it will award the package to up to 25 applicants.
What is upper class in Kentucky?
While ZipRecruiter is seeing salaries as high as $90,188 and as low as $17,598, the majority of salaries within the Upper Class jobs category currently range between $33,875 (25th percentile) to $58,952 (75th percentile) with top earners (90th percentile) making $73,030 annually in Kentucky.
What’s the average pay in Kentucky?
Kentucky Jobs by Hourly Rate
| Job Title | Range | Average |
|---|---|---|
| Cashier | Range:$8 – $13 | Average:$10 |
| Customer Service Representative (CSR) | Range:$10 – $18 | Average:$13 |
| Sales Associate | Range:$8 – $15 | Average:$11 |
| Administrative Assistant | Range:$12 – $21 | Average:$16 |
How do I get housing assistance in KY?
To apply for either type of help, visit your local Public Housing Agency (PHA). Some PHAs have long waiting lists, so you may want to apply at more than one PHA. Your PHA can also give you a list of locations at which your voucher can be used.
What is the highest income for Section 8?
FY 2022 Section 8 Income Limits (Effective 5/1/2022)
| Number of Persons | Extremely Low Income 30% of Median | Very Low Income 50% of Median |
|---|---|---|
| 1 | $25,050 | $41,700 |
| 2 | $28,600 | $47,650 |
| 3 | $32,200 | $53,600 |
| 4 | $35,750 | $59,550 |
Who can apply for Section 8 housing?
To qualify for Section 8 assistance, your household must meet the definition HUD uses for “family,” which comprises any of the following characteristics: At least one household member over age 62. At least one household member with a documented disability. A household of multiple members, with or without children.
What is the poorest town in Kentucky?
The poorest city in Kentucky is Albany. The median household income is $18,824 annually, and the mean household income is $29,889. The richest city that had no minimum household number is Glenview.
What is the richest town in Kentucky?
According to the report, the wealthiest city in Kentucky is Indian Hills.