Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $22,509 | $50,551 |
| Annual taxes | $5,540 | $12,441 |
| Required annual income before taxes | $28,048 | $62,992 |
Contents
How much money do you need to live comfortably in Kentucky?
A single Kentuckian needs to earn at least $24,906 a year to meet his or her basic needs, according to the study. In Louisville, that figure jumps to more than $26,000 annually.
What is a good salary in Ky?
While ZipRecruiter is seeing salaries as high as $121,831 and as low as $18,364, the majority of salaries within the Average jobs category currently range between $44,342 (25th percentile) to $66,290 (75th percentile) with top earners (90th percentile) making $80,623 annually in Kentucky.
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 |
What is the average wage in KY?
Hourly Rate Salary in Kentucky
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $55,988 | $27 |
| 75th Percentile | $43,447 | $21 |
| Average | $34,752 | $17 |
| 25th Percentile | $25,978 | $12 |
How cheap is it to live in Kentucky?
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 Kentucky expensive to live?
Across the board, Kentucky’s living costs are lower than the U.S. average.In addition to well-priced housing, you can also benefit from Kentucky’s lower median property tax rate of 0.72%.
What is the poorest city in Kentucky?
In 2010, Beattyville had the third-lowest median household income of all places in the United States with a population over 1,000. It was the poorest majority white town.
What is upper class income in Kentucky?
While ZipRecruiter is seeing salaries as high as $86,447 and as low as $17,468, the majority of salaries within the Upper Class jobs category currently range between $34,041 (25th percentile) to $58,676 (75th percentile) with top earners (90th percentile) making $71,665 annually in Kentucky.
Does Kentucky pay state taxes?
Kentucky residents and businesses must pay state taxes and file tax returns. The state employs a flat income tax rate of 5 percent. Everyone pays the same tax rate provided you meet the income requirements to file.
What’s minimum wage in Kentucky?
$7.25 per
(WKRC) – A group of Democratic state lawmakers in Kentucky is pushing to increase the minimum wage. Right now, it’s $7.25 per hour.
Is 27 an hour good pay?
$27 per hour multiplied by 2,080 working hours per year is an annual income of $56,160 per year.
What wage do you need to live comfortably?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
Is 75000 a good salary for a single person?
Given this, a good salary would be $75,000. It is higher than the national average and hovers around the average salary for the four most expensive states in the nation. In other words, a $75,000 salary would cover the basic necessities in even the priciest of areas.
What is considered poverty in Kentucky?
Kentucky ranks 47th in Poverty Rate at 18.3%(poverty rankings by state). The Poverty Rate of Kentucky is meaningfully higher than the national average of 14.6%.
Kentucky Poverty Rate By Race.
| Race | Asian |
|---|---|
| Population | 58,254 |
| Poverty Rate | 16.1% |
| National Poverty Rate | 11.9% |
How much money do teachers make in Kentucky?
The average Public School Teacher salary in Kentucky is $56,192 as of October 29, 2021, but the range typically falls between $49,056 and $64,870.
What is the minimum wage in Kentucky in 2021?
$7.25
Federal Minimum Wage Information
| State | 2011 | 2021 |
|---|---|---|
| Kentucky | $7.25 | $7.25 |
| Louisiana | $7.25 | $7.25 |
| Maine | $7.50 | $12.15 |
| Maryland | $7.25 | $11.75 |
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.
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.
What is the least expensive state to live in?
Mississippi
1. Mississippi. The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 15% lower than the national average cost of living.
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.
