The cost of living in Kentucky in 2022

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Whether you live in Kentucky or are thinking about moving here, you’re probably interested in the cost of living. The year 2022 brought general price increases all over the world. Some felt it more and some less. But, inevitably, the cost of living is not the same as it was last year. And it is one of the most important things for all people when they are researching some places to move. So before you start planning your move with moving companies in Kentucky, find out how affordable living in Kentucky is. How much money you will need to live, what are the average salaries, and how much the cost of living in Kentucky in 2022 are just some of the information you will find out if you continue reading this text!

The cost of living in Kentucky is lower than the national average

If you live in Kentucky, you’re already in luck. In addition to not taxing pensions and offering various benefits to its residents, Kentucky is one of the states with an affordable cost of living. What’s more, the cost of living in Kentucky is lower than the US average. Precisely, they are even 11.4% lower than the national average. As you can see, if you live in Kentucky you are already at an advantage. If you don’t live there, it might be wise to call residential moving companies Kentucky to move you here. Because affordable living is one of the things that attract people to move to Kentucky.

You will undoubtedly enjoy the wonderful state and affordable cost of living if you move to Kentucky. Because the Life Index is 89 out of 100 in Kentucky. What’s more, Kentucky is ranked as the 8th most affordable state to live in the USA. This makes it one of the countries to which people prefer to move. In front of it on the list of states with a low cost of living are Mississippi (83.3), Kansas (86.5), Oklahoma (87.9), Alabama (87.9), Georgia (88), Tennessee (88.8), and Missouri (89).

Coins as a symbol of the cost of living in Kentucky
Kentucky is one of the best states to move to if you want an affordable cost of living.

Salaries and Jobs in Kentucky

When talking about the cost of living in Kentucky, we can’t help but look at salaries first. Kentucky has a very developed field of medicine and is constantly looking for good medical staff. Therefore, if you deal with any of them, moving to Kentucky could be the right move for you. What’s more, you can contact local movers Kentucky and find out how to move quickly and in the best way. Wages in Kentucky are only slightly below the average, but have annual growth trends higher than the US average. The salary range is from a high of $134,623 to a low of $18,478. But the average salary in Kentucky currently ranges from $43,554 to $65,991.

Some popular professions with the highest salaries are:

  • Consultant And Sales Representative
  • Emergency Medicine Specialist
  • Clinical Physician Assistant
  • Industrial Truck Driver
  • Public Health Dentist
  • Certified Registered Nurse Anesthetist
  • President And General Manager
  • Family Practitioner

If you find yourself in one of these professions, be sure that moving to Kentucky will only make things better for you. And moving companies in Boone KY can help you move quickly and smoothly.  Do not hesitate as if you are in one of these industries it is certain that you would have quility life in Kentucky.

The average family income in Kentucky in 2022 is in line with the cost of living

To be able to talk about the actual cost of living, we have to look at the average earnings. In this case, we’ll take as an example the median household income in Kentucky in 2022. Depending on the city, it can vary a bit, but on average median household income in Kentucky in 2022 is about $50,589. That is slightly lower than in the period from 2016 to 2020 when it was around $52,000. Even so, this is considered a pretty good average income when compared to the cost of living.

We have already mentioned that the cost of living in Kentucky is low. But let’s see exactly how low it is. According to the Bureau of Economic Analysis’ latest Personal Consumption Expenditures data, the average annual cost of living in Kentucky for one person is $36,574. This undoubtedly proves that Kentucky is one of the most affordable states to live in. This can be the trigger for you to contact the movers in Lexington KY and make the decision to move here. Rest assured that you would not regret that decision.

Housing costs in Kentucky in 2022

Some people say that housing is nowhere more affordable than in Kentucky. Some statistics define that affordable housing should cost no more than 35% of your household income after tax and benefits. That’s why when you are looking for a house to rent or buy, moving to Kentucky with Union KY movers can be a good choice. As is logical in larger cities such as Louisville, housing is a bit more expensive. While in smaller towns like Edgewood, housing is a little cheaper. The average value of a home in Kentucky in 2022 is $197,644. Of course, the values are not fixed and often vary slightly from year to year. But home values in Kentucky have risen as much as 14.9% in the past year. Inflation is also noticeable in this segment of the cost of living in Kentucky. However, despite everything, Kentucky remains an affordable place to live.

Settlement with houses
The average home value in Kentucky is $197,644.

Here are typical monthly housing costs in Kentucky in 2022:

  • Median monthly mortgage cost: $1,497
  • Median studio rent: $672
  • Median one-bedroom rent: $763
  • Median two-bedroom rent: $890
  • Median three-bedroom rent: $1098
  • Median four-bedroom rent: $1,265
  • Median gross rent: $1,495

As we have already mentioned, housing rents will depend on the place of residence. In larger cities like Louisville or Lexington, they can be 200 to 400 dollars more than in some smaller cities. Where you will move with movers Edgewood KY certainly depends on your needs and affinity when it comes to choosing a place to live.

Utility Costs in Kentucky

Utility costs are those that take the largest part of your monthly expenses. Regardless of how much cheaper they are than in the rest of the US and Kentucky, you have to pay them. The average monthly utility costs in Kentucky in 2022 are $425. Here are some typical utility bills that people pay each month. We will compare their prices with the average in the USA.

  • Electricity – Kentucky residents will spend an average of $117 on electricity, which is on par with the national average of $118. And that is included in the average because no matter how cheap the electricity is, the bill depends on how much you spend.
  • Gas – gas prices have risen quite a bit. In 2021, the estimated gas consumption was the same, and the bill was around $128.
  • Cable and Internet – Kentuckians pay an average of about $117 per month for cable and internet.
  • Water – The average bill people in Kentucky pay for water is $96.
Cost of living in Kentucky includes electricity
Utility costs are average in Kentucky.

As you can see, the monthly costs for utilities are also affordable when compared to the monthly income. Although prices have jumped this year, Kentucky manages to keep everything affordable, which makes people happy to move here.

Cost of living in Kentucky – Groceries and Food

What most people are most interested in before hiring a movers Newport KY and moving to Kentucky are the prices of groceries and food. Kentucky manages to keep most of its prices below the national average. Of course, it largely depends on where exactly you live. If we talk about grocery prices in Louisville, they will be close to the national average. While on the other hand, Lexington will have prices that are much more affordable. The grocery items index for Louisville is around 96.2, while for Lexington it is 89.3. This exactly confirms the aforementioned fact that food prices vary from city to city. The average monthly cost of one person on food and groceries (not in a restaurant) is about 298 dollars. That would be about $3,581 per person per year.

Racks in the grocery store
Groceries and food are very affordable in Kentucky.

Transportation costs in Kentucky in 2022

Depending on the size of your family, the transport costs will be higher. Regardless of whether you commute to work or university, the costs of transportation will wait for you. Average transportation costs in Kentucky in 2022 are $5,113 to $13,896 per year. If you are an adult without children, your annual transportation costs will be around $5,113. For two working adults without children, transportation costs for one year will amount to $9,378. And for two working adults and two children, annual transportation costs in Kentucky are about $13,896.

Cars drive on the street in the city
The average family spends about $13,896 per year on transport.

Health care costs

Before you make the final decision to move to Kentucky, you’ll want to know how much health care costs. Depending on your health insurance, its packages and your choice of health care prices may vary. Better packages that cover more things will certainly be more expensive. To help you get an idea of how much health care costs in Kentucky, we’ll talk about an average. Annual average healthcare costs for Kentucky residents are around $7,260 per person. People in Kentucky pay an average of $605 for health insurance per month.


Another reason to consider yourself lucky if you live in Kentucky is its taxes. Kentucky is one of ten states that has a single installment of personal income tax without deductions on earnings. Kentucky state income tax is 5%. This greatly benefits people who earn a lot, and that is why more and more companies and startups are being opened in Kentucky. Income tax of only 5% is significantly below the national average. And that’s why many companies move with movers independence KY to Kentucky. What can get tricky is that local counties and cities can impose their own tax. In that case, the tax increases even before the affordable state tax. According to the latest research, Kentucky ranks 25th in the effective tax rate.

Child care

Child care costs are quite high regardless of the country. Depending on the number of children and your needs, they can significantly affect the household budget. Of course, children are most important to all people, but the costs of care are really not negligible. What’s more, it could be said that they are even expensive. On the other hand, for those who do not have to pay the costs of care, the state has a subsidy if the parents are employed.

Little girls play with blocks
Child care costs will depend on the number of children, but also their age.

Prices will vary depending on whether you want to send your children to a classroom or have someone look after them at home. Average monthly child care costs range from $813 to $1,189 per child. If you want to be kept in an infant classroom, you will pay $1,189. And for an older child – a toddler – a little less about $813. On the other hand, if you want someone to look after your child at home, the prices will be a little lower. The average cost of in-home childcare is $1,145.

What’s the cheapest place in Kentucky to live?

Now that we’ve covered almost all the costs of living in Kentucky, it’s time to look at the good and affordable places to live. The three counties with the lowest cost of living in Kentucky are:

  1. Knott County
  2. Leslie County
  3. Menifee County

Regardless of which of these three counties you choose, you will surely find the perfect place for you. But since we keep mentioning that the cost of living in the state of Kentucky varies from city to city, below is a list of the cheapest cities to live in Kentucky:

  1. Princeton
  2. Flatwoods
  3. Bardstown
  4. Dayton
  5. Russellville
  6. Hazard
  7. Harrodsburg
  8. Bellevue
  9. Erlanger
  10. Corbin

Find a city that fits your needs and budget. Then hire junk removal Kentucky to help you declutter your home and plan your move to Kentucky.

To conclude – the cost of living in Kentucky is very affordable

Whether you live alone or with a family, the cost of living in Kentucky in 2022 is quite affordable. Groceries and housing are among the cheapest in the USA. While, on the other hand, you will have to allocate a little more money for childcare and transportation. It is certainly more affordable than living in some other countries. It’s up to you to decide what you want and choose the perfect place to live in Kentucky.

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