Hopkinsville, KY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Hopkinsville, KY Summary

Cost of living in Hopkinsville 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 Hopkinsville 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 Hopkinsville is 85, with 100 being the average.

  • The cost of living index in Hopkinsville is 0.8x lower than the national average.

  • Hopkinsville ranks as the #15 cheapest in Kentucky out of 85.

  • Hopkinsville ranks as the #777 cheapest out of 6,412 in the US.

  • The median home value in Hopkinsville is $120,100.

  • The median income in Hopkinsville is $40,442.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
85
Hopkinsville's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Hopkinsville, KY?

According to the most recent data on the cost of living, Hopkinsville has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.

Compared to Kentucky, Hopkinsville has a cost of living index that's 0.9x lower than Kentucky's index of 94.

The standard of living in Hopkinsville ranks as #15 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Hopkinsville ranks as the #70 most expensive place in the Bluegrass State.

For more reading on life in Hopkinsville, check out:

15 out of 85
In Kentucky
777 out of 6,412
In America

Hopkinsville Cost Of Living Vs. Kentucky

Six factors go into calculating the cost of living index in Hopkinsville. Here is how it fairs on each of the criteria:

  • The Services index in Hopkinsville is 100.

  • The Groceries index in Hopkinsville is 86.

  • The Health index in Hopkinsville is 87.

  • The Housing index in Hopkinsville is 65.

  • The Transportation index in Hopkinsville is 99.

  • The Utilities index in Hopkinsville is 106.

Living Expense Hopkinsville Kentucky National Average
Overall 85 94 100
Services 100 105 100
Groceries 86 97 100
Health 87 79 100
Housing 65 75 100
Transportation 99 102 100
Utilities 106 106 100
For more reading on cost of living around Kentucky, check out:
Hopkinsville Cost of Living Vs. KY

Hopkinsville, 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 Hopkinsville is $120,100.

  • The Median Rent in Hopkinsville is $767.

  • The Median Income in Hopkinsville is $40,442.

  • The Home Value To Income in Hopkinsville is 3.0x.

  • The Rent To Monthly Income in Hopkinsville is 0.23x.

Statistic Hopkinsville Kentucky United States
Median Home Value $120,100 $155,100 $244,900
Median Rent $767 $826 $1,163
Median Income $40,442 $55,454 $69,021
Home Value To Income 3.0x 2.8x 3.5x
Rent To Monthly Income 0.23x 0.18x 0.2x
Search Homes For Sale In Hopkinsville, KY
$120,100
Median Home Value
$767
Median Rent
$40,442
Median Income

Hopkinsville, KY Costs By Category

Detailed Hopkinsville Services Costs Vs. Kentucky

Item Hopkinsville 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 Hopkinsville Groceries Costs Vs. Kentucky

Item Hopkinsville 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 Hopkinsville Health Costs Vs. Kentucky

Item Hopkinsville Kentucky
Optometrist $88.44 $108.57
Doctor $80.22 $116.17
Dentist $85.29 $99.13

Detailed Hopkinsville Transportation Costs Vs. Kentucky

Item Hopkinsville Kentucky
Gasoline $2.3 $2.22
Tire Balancing $43.03 $50.07

Detailed Hopkinsville Utilities Costs Vs. Kentucky

Item Hopkinsville Kentucky
All Electricity $177.56 $167.67
Phone $29.84 $175.64

Hopkinsville SnackAbility

4
/10
Overall SnackAbility
Jobs
4/10
Housing
5
Affordability
6
Diversity
9
Safety
5
Amenities
8
Education
6
Commute
9

Cost Of Living In Cities Around Hopkinsville

The cost of living varies in the cities and towns around Hopkinsville. Here's a quick look at the cost of living in the most populous nearby places:

  • Clarksville, TN has a cost of living index of 93, 1.1x Hopkinsville.

  • Central, LA has a cost of living index of 96, 1.1x Hopkinsville.

  • Madisonville, KY has a cost of living index of 86, 1.0x Hopkinsville.

City Population Cost Of Living Vs. Hopkinsville
Clarksville, TN 163,518 93 1.1x
Central, LA 29,746 96 1.1x
Madisonville, KY 19,533 86 1.0x
Murray, KY 17,241 83 1.0x
Fort Campbell North, KY 13,323 105 1.2x
Oak Grove, KY 7,699 89 1.0x
Greenbrier, TN 6,845 89 1.0x
Princeton, KY 6,206 86 1.0x

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