$21,597. Required annual income before taxes.
What is a livable wage in Lexington KY?
Quick Summary. Despite studies showing a living wage in Kentucky is $10.10/hour, the cost of living in Lexington is higher. Recent studies have shown that workers making less than $30,000/ year (~$15.00/hr) are finding it increasingly difficult to afford to live in Lexington.
How much do you need to make a year to live comfortably in Kentucky?
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.
What is a good hourly wage in Kentucky?
$12.48 is the 25th percentile. Wages below this are outliers. $21.57 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Kentucky.
| City | Covington |
|---|---|
| Annual Salary | $45,257 |
| Monthly Pay | $3,771 |
| Weekly Pay | $870 |
| Hourly Wage | $21.76 |
What salary is considered poverty in Kentucky?
By this definition, the poverty threshold today for a family of four is roughly $26,000 annually; for an individual, that number is $13,000.
Is Lexington Ky cheap to live?
Lexington is consistently ranked the most affordable city for early retirement because of its inexpensive housing, accessible healthcare, and generally low cost of living.
What is Lexington KY minimum wage?
Kentucky’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate. The minimum wage applies to most employees in Kentucky, with limited exceptions including tipped employees, some student workers, and other exempt occupations.
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 |
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 is standard of living in Kentucky?
Our cost of living indices are based on a US average of 100. An amount below 100 means Kentucky is cheaper than the US average.
Kentucky cost of living is 83.6.
| COST OF LIVING | Kentucky | United States |
|---|---|---|
| Overall | 83.6 | 100 |
| Grocery | 94.2 | 100 |
| Health | 93.9 | 100 |
| Housing | 63.3 | 100 |
What is Kentucky 2022 minimum wage?
$7.25
$7.25 – July 24, 2009
| State | 2011 | 2022 |
|---|---|---|
| Kentucky | $7.25 | $7.25 |
| Louisiana | $7.25 | $7.25 |
| Maine | $7.50 | $12.75 |
| Maryland | $7.25 | $12.50 |
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 |
What is the average household income in Kentucky?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 23.7 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $52,238 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $29,123 |
What is the poorest city 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.
Is Kentucky a poor state?
In 2020, the U.S. poverty rate was 11.4%, up a percentage point from the previous year. The rate varies widely from state to state, with most wealthy states having a poverty rate below 9%.
Poorest States 2022.
| State | Mean Household Income |
|---|---|
| Arkansas | $66,557 |
| New Mexico | $69,077 |
| Alabama | $69,842 |
| Kentucky | $70,144 |
Why is poverty so high in Kentucky?
In Kentucky, systemic barriers have led to higher rates of poverty and food insecurity than in other states, a low median household income and economic disparities by race, gender, geography and more.
What is the best area to live in Lexington KY?
5 Best Neighborhoods to Live in Lexington, KY
- Chevy Chase and Ashland Park. If you have the cash to spend, look at buying a home in this desired area.
- Historic Downtown.
- Beaumont.
- Southland Corridor.
- Kenwick.
- Find Your Dream Home in Lexington Today.
- Related links.
Why are people moving to Lexington KY?
Lexington is a great place to live because of its stable economy, diverse job market, and low cost of living. It is ranked as one of the top 20 most affordable places to live in the United States, with a cost of living index that’s well below the national average.
What is the cost of living in Kentucky?
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 .
Is Lexington Kentucky a good place to live?
In its first year in the annual U.S. News & World Report rankings of the best places to live in the United States, Lexington was ranked 21st. The study from U.S. News looked at a variety of factors, including jobs, crime, population growth, cost of living and access to quality health care, to determine its rankings.
Who has the highest minimum wage?
The 10 States with the Highest Minimum Wage Rates in 2022
- Maine $12.75 (tie)
- Arizona $12.80.
- New Jersey $13 (tie)
- Connecticut $13 (tie)
- New York $13.20.
- 8. California $14.
- Massachusetts $14.25.
- Washington $14.49. Washington has been a leading state when it comes to high minimum wages for quite some time.