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Home » United States » What is the cost of living in Kentucky compared to New York?

What is the cost of living in Kentucky compared to New York?

December 14, 2021 by Shelia Campbell

Comparison Highlights

Cost of Living Indexes Louisville-Jefferson County, KY Manhattan, NY
Overall Index: Homeowner, No Child care, Taxes Not Considered 89.7 221.4
Food & Groceries 97.0 120.4
Housing (Homeowner) 69.6 520
Median Home Cost $206,900 $1,144,100

Contents

Is Kentucky expensive to live in?

An amount below 100 means Kentucky is cheaper than the US average. A cost of living index above 100 means Kentucky, Kentucky is more expensive.
Kentucky cost of living is 83.6.

COST OF LIVING Kentucky United States
Health 93.9 100
Housing 63.3 100
Median Home Cost $165,900 $291,700
Utilities 92.9 100

Is living in Kentucky cheap?

Kentucky has about a 21% cheaper cost of living than any other state. The friendly people and the beautiful countryside make it a desirable place to call home. Each of these towns is recognized for the reasonable housing, pleasant environment and peaceful surroundings.

How much money do you need to live comfortably in Louisville Ky?

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 does it cost to live a decent life in New York?

New York cost of living is 187.2

COST OF LIVING New York New York
Health 112.6 105.8
Housing 294.3 132.1
Median Home Cost $654,300 $373,000
Utilities 150.5 115.9

What are winters like in Kentucky?

Climate and Average Weather Year Round in Louisville Kentucky, United States. In Louisville, the summers are hot and muggy, the winters are very cold and wet, and it is partly cloudy year round. Over the course of the year, the temperature typically varies from 28°F to 88°F and is rarely below 12°F or above 94°F.

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Is Kentucky a good place to live?

Kentucky is a great place to move to if you’re drawn to the Southern way of life.Kentucky is also a big state with a lot of open green spaces to explore. It’s most likely that big city problems of crowding and high cost of living won’t follow you to Kentucky, so this makes it a good state to move to.

What’s the cheapest city in Kentucky to live in?

Here’s the top 10 most affordable:

  • Princeton, Kentucky.
  • Central City, Kentucky.
  • Hebron, Kentucky.
  • Flatwoods, Kentucky.
  • Hillview, Kentucky.
  • Elsmere, Kentucky.
  • Burlington, Kentucky.
  • Independence, Kentucky.

Is it cheaper to live in Kentucky or Tennessee?

According to CNBC’s “America’s 10 Cheapest States to Live,” Kentucky is ranked 10th thanks to low business costs (ranked 3rd) and a low cost of living (ranked 10th).Tennessee took the seven spot in the rankings thanks to great infrastructure, a business friendly environment, and a good economy.

Does it snow in Kentucky?

The US average is 28 inches of snow per year.
Climate Averages.

Kentucky, Kentucky United States
Rainfall 47.6 in. 38.1 in.
Snowfall 10.9 in. 27.8 in.
Precipitation 120.0 days 106.2 days
Sunny 189 days 205 days

Is $17 an hour a livable wage?

When we ran all of our numbers to figure out how much is $17 per hour is as an annual salary, we used the average working day of 40 hours a week.
$17 Per Hour is…

$17 per Hour – Full Time Total Income
Weekly (40 Hours) $680
Bi-Weekly (80 Hours) $1,360
Daily Wage (8 Hours) $136
Net Estimated Monthly Income $2,250
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What is a good salary to live in Kentucky?

Living Wage Calculation for Kentucky

1 ADULT 2 ADULTS (1 WORKING)
0 Children 2 Children
Living Wage $13.48 $30.28
Poverty Wage $6.13 $12.60
Minimum Wage $7.25 $7.25

Is Louisville Kentucky expensive?

Cost of Living in Louisville, Kentucky by Expense Category
Louisville’s housing expenses are 20% lower than the national average and the utility prices are 6% lower than the national average. Transportation expenses like bus fares and gas prices are 3% higher than the national average.

What is the cost of living in 2021?

Cost of Living Index by State 2021

State Cost Index Housing
Massachusetts 131.6 179.2
Oregon 134.2 178.1
New York 139.1 230.2
California 151.7 192.7

What state has the highest cost of living?

Hawaii
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.

What is a good salary?

According to the census, the national average household income in 2019 was $68,703. A living wage would fall below this number while an ideal wage would exceed this number. Given this, a good salary would be $75,000.

Does it get hot in Kentucky?

Summers in Kentucky are warm, but not oppressively hot. The humidity levels are quite high however, which tends to make pleasant daytime temperatures in the 80’s °F feel like they are in the mid-90’s °F. Thunderstorms are common in summer, occasionally turning violent and spawning the rare tornado.

Is Kentucky humid or dry?

Oh The Humidity. Which State Is The Most Humid?

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State Average RH Average Dew Point
Kentucky 70.3% 46.6°F
Louisiana 74.0% 58.3°F
Massachusetts 71.1% 39.9°F
Maryland 68.8% 45.2°F

Is Kentucky flat or hilly?

Bordered by Lake Barkley and Kentucky Lake is a hilly, forested area spanning about 170,000 acres and is referred to as the “Land Between the Lakes” recreational area.
Key Facts.

Legal Name State of Kentucky
ISO 3166 Code US-KY
Capital City Frankfort
Major Cities Louisville (1,089,499) Lexington-Fayette (333,999)

What are the pros and cons of living in Kentucky?

Pros And Cons Of Living In Kentucky

  • Low cost of living.
  • Good tax breaks for some.
  • Tasty regional foods and drinks.
  • Abundant outdoor adventures.
  • Variety provided by 4 season weather.
  • Risks of extreme weather.
  • High income and sales taxes.
  • Lower quality K-12 education.

Is Kentucky a rich or poor state?

Poverty is defined as not having enough income to meet basic needs, such as housing, food, clothing, and healthcare. Levels of wealth and financial well-being vary significantly between states.
Poorest States 2021.

State Mean Household Income
Alabama $69,842
Kentucky $70,144
Louisiana $71,001
Oklahoma $72,695

Filed Under: United States

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About Shelia Campbell

Sheila Campbell has been traveling the world for as long as she can remember. Her parents were avid travelers, and they passed their love of exploration onto their daughter. Sheila has visited every continent on Earth, and she's always looking for new and interesting places to explore.

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