Quick Answer: What Is The Average Cost Of Living In Kentucky?

What is a livable wage in Kentucky?

Living Wage Calculation for Kentucky1 ADULT0 Children1 ChildLiving Wage$10.98$23.19Poverty Wage$6.00$8.13Minimum Wage$7.25$7.25.

Why is milk so cheap in Kentucky?

The minimum milk price is set by the federal order and is adjusted by numerous other factors, including but not limited to delivery county, use class, coop fees, etc. Kentucky is in a better Federal Order and has a better fee structures. Coop fees are lower in Kentucky, as there are more coops competing for sales.

What is the highest paying job in Kentucky?

Here’s a quick look at the top ten highest paying jobs in Kentucky:Surgeons, Except Ophthalmologists.Anesthesiologists.Obstetricians and Gynecologists.Physicians, All Other; and Ophthalmologists, Except Pediatric.Psychiatrists.General Internal Medicine Physicians.Family Medicine Physicians.Pediatricians, General.More items…•

Is Kentucky a rich or poor state?

According to data released Thursday by the U.S. Census Bureau, 17.2 percent of Kentuckians lived in poverty in 2017, an improvement over the 18.5 percent state poverty rate in 2016. But that rate still leaves Kentucky the fifth poorest state in the United States.

What is middle class income in Kentucky?

Range of household incomes needed to be considered middle class, by family sizeStateSingleCoupleKentucky$22,910 – $68,730$32,400 – $97,199Louisiana$23,588 – $70,765$33,359 – $100,077Maine$25,676 – $77,028$36,311 – $108,934Maryland$28,572 – $85,717$40,407 – $121,22248 more rows•Jul 15, 2020

What is the poorest town in Kentucky?

FranklinThe poorest town in Kentucky is Franklin, which is near the Kentucky-Tennessee border off of Interstate 65. According to the website, the town of 8,563 has median household income of $30,398 and a poverty rate of 26.2 percent.

Is making 50k a year good?

As you can see, a salary of $50k is considered good money. However, there is ample room for improvement if you want to improve your situation. The average household income is approximately $63k. Therefore, a salary of $50k is considered below average.

What is the most dangerous city in Kentucky?

PaducahPaducah ranks as the most dangerous city in Kentucky thanks to a 4th place finish in violent crime and a 4th place finish in property crime. Those rankings contribute to a 1 in 20.3 of being the victim of a crime in Paducah. Mayfield takes 2nd because of its 6th place finish for violence.

What is the safest city in Kentucky?

The 20 Safest Cities in Kentucky#1. Greenville. +11. Population 4,239. … #2. Columbia. +23. Population 4,927. … #3. Fort Thomas. +11. Population 16,274. … #4. Villa Hills. +4. Population 7,455. … #5. Prospect. -3. Population 4,956. … #6. Highland Heights. +26. Population 7,112. … #7. Flatwoods. +10. Population 7,136. … #8. Fort Mitchell. +13. Population 8,260.More items…•

Is it cheaper to live in Indiana or Kentucky?

It’s cheaper for property owners to live in Kentucky. But regarding personal income taxes, Indiana is the cheaper state. … According to the results, both states are below the national average of 9.9 percent for personal state tax burden.

How much is a gallon of milk in Kentucky?

Compare Louisville, KY with: Summary about cost of living in Louisville, KY, United States: Family of four estimated monthly costs are 3,103$ without rent (using our estimator)….Cost of Living in Louisville.Restaurants[ Edit ]Water (12 oz small bottle)1.25$Markets[ Edit ]Milk (regular), (1 gallon)1.84$Loaf of Fresh White Bread (1 lb)1.72$62 more rows

Is Indiana a cheap place to live?

Indiana is already a stand-out for being one of the cheapest states in America, but Hartford City takes that to the extreme with the cheapest homes in the state. Hartford City residents earn a median income of $37,083, putting Hartford City in the top five statewide for home price to income ratio.

How much is the average electric bill in Indiana?

The average monthly residential electricity bill in Indiana is $105, which ranks 27th in the nation and is 1.87% less than the national average of $107 per month.

Is Kentucky a cheap state to live in?

The cost of living in Kentucky is 11.4% lower than the U.S. average. It’s living index is 89, compared to the national average of 100. U.S. News ranked Kentucky 8th in the country for affordability.

How much money do you need to live comfortably in Kentucky?

In Louisville, the same family structure — two kids and two adults — would need at least $60,700 in order to live a “secure, yet modest living,” according to the report. The study takes into account costs associated with housing, food, child care, transportation, health care, taxes and other necessities.

How much is the average electric bill in Kentucky?

Average Electric Bill for HomesSTATEJANAverageKentucky$89$92Louisiana$77$81Maine$160$152Maryland$127$13030 more rows

Why is milk so cheap at Walmart 2019?

The reason? Inexpensive milk draws more customers, according to Tony Sarsam, former CEO for dairy-industry giant Borden. “There are retailers who prefer to have really aggressively low prices on milk because it’s a great way to get people in the stores,” he told Fox Business.

What’s the best state to move to?

Best States 2019#1. Washington.#2. New Hampshire.#3. Minnesota.#4. Utah.#5. Vermont.