Central City, KY Cost Of Living
Cost Of Living In Central City, KY Summary
Cost of living in Central City research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Central City is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kentucky, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Central City is 83, with 100 being the average.
The cost of living index in Central City is 0.8x lower than the national average.
Central City ranks as the #8 cheapest in Kentucky out of 85.
Central City ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Central City is $111,300.
The median income in Central City is $56,316.
Table Of Contents
Central City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Central City, KY?
According to the most recent data on the cost of living, Central City has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Kentucky, Central City has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Central City ranks as #8 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Central City ranks as the #77 most expensive place in the Bluegrass State.
For more reading on life in Central City, check out:
- Living In Central City
- Central City Crime Report
- Search Homes For Sale In Central City, KY
In Kentucky
In America
Central City Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Central City. Here is how it fairs on each of the criteria:
The Services index in Central City is 101.
The Groceries index in Central City is 89.
The Health index in Central City is 88.
The Housing index in Central City is 45.
The Transportation index in Central City is 100.
The Utilities index in Central City is 104.
| Living Expense | Central City | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 83 | 94 | 100 | |
| Services | 101 | 105 | 100 | |
| Groceries | 89 | 97 | 100 | |
| Health | 88 | 79 | 100 | |
| Housing | 45 | 75 | 100 | |
| Transportation | 100 | 102 | 100 | |
| Utilities | 104 | 106 | 100 | |
Central City, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Central City is $111,300.
The Median Rent in Central City is $594.
The Median Income in Central City is $56,316.
The Home Value To Income in Central City is 2.0x.
The Rent To Monthly Income in Central City is 0.13x.
| Statistic | Central City | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $111,300 | $155,100 | $244,900 |
| Median Rent | $594 | $826 | $1,163 |
| Median Income | $56,316 | $55,454 | $69,021 |
| Home Value To Income | 2.0x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Central City, KY Costs By Category
Detailed Central City Services Costs Vs. Kentucky
| Item | Central City | Kentucky |
|---|---|---|
| Shampoo | $0.85 | $1.06 |
| Movie | $11.19 | $10.68 |
| Bowling | $3.98 | $14.67 |
| Haircut | $15.99 | $18.62 |
| Beauty Salon | $38.05 | $39.05 |
Detailed Central City Groceries Costs Vs. Kentucky
| Item | Central City | Kentucky |
|---|---|---|
| Ground Beef | $3.96 | $4.22 |
| Fried Chicken | $1.01 | $1.39 |
| Milk | $1.2 | $2.05 |
| Potatoes | $4.03 | $3.29 |
| Pizza | $8.31 | $10.62 |
| Beer | $8.11 | $9.38 |
| Toothpaste | $3.0 | $2.34 |
Detailed Central City Health Costs Vs. Kentucky
| Item | Central City | Kentucky |
|---|---|---|
| Optometrist | $88.44 | $108.57 |
| Doctor | $80.22 | $116.17 |
| Dentist | $85.29 | $99.13 |
Detailed Central City Transportation Costs Vs. Kentucky
| Item | Central City | Kentucky |
|---|---|---|
| Gasoline | $2.3 | $2.22 |
| Tire Balancing | $43.03 | $50.07 |
Detailed Central City Utilities Costs Vs. Kentucky
| Item | Central City | Kentucky |
|---|---|---|
| All Electricity | $177.56 | $167.67 |
| Phone | $29.84 | $175.64 |
Central City SnackAbility
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