Question 1

What is the cost of living in Kentucky?

Accepted Answer

Kentucky has an average cost of living index of 83, which is 25% below the national average of 111. Average monthly rent across tracked cities is $1,420, and average median household income is $66,181.

Question 2

What is the cheapest city in Kentucky?

Accepted Answer

Louisville is the most affordable city tracked in Kentucky, with a cost index of 79 and median rent of $1,352/month.

Question 3

What is the most expensive city in Kentucky?

Accepted Answer

Lexington is the most expensive city tracked in Kentucky, with a cost index of 87 and median rent of $1,487/month.

Question 4

What is the average rent in Kentucky?

Accepted Answer

The average monthly rent across 2 tracked cities in Kentucky is $1,420. The cheapest rent is in Louisville at $1,352/month.

Question 5

What is the average household income in Kentucky?

Accepted Answer

The average median household income across tracked cities in Kentucky is $66,181. The highest-earning city is Lexington at $67,631.

Question 6

Is Kentucky affordable to live in?

Accepted Answer

Kentucky's average rent-to-income ratio is 25.7%. Financial advisors recommend keeping rent below 30% of gross income. Kentucky is generally considered affordable, with rent taking less than 30% of typical incomes.

City	Cost	Rent	Income	Home Price	Pop	Rent/Inc
Louisville	79	$1,352	$64,731	$259,139	622,981	25.1%
Lexington	87	$1,487	$67,631	$322,743	320,154	26.4%

City	Cost	Rent	Income	Home Price	Pop	Rent/Inc
Louisville	79	$1,352	$64,731	$259,139	622,981	25.1%
Lexington	87	$1,487	$67,631	$322,743	320,154	26.4%

Kentucky

Core metrics, city comparisons, and tax signals

Assembling your view…

Kentucky

Core metrics, city comparisons, and tax signals