A wise sage once said:
“She works hard for the money…”
And these places in Kentucky definitely treat her right.
You see, these are the places in Kentucky where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Bluegrass State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 74 largest places in Kentucky, we were left with this set of the best value for your money.
- Monticello (Photos | Homes For Sale)
- Williamsburg (Photos | Homes For Sale)
- Middlesborough (Photos | Homes For Sale)
- Corbin (Photos | Homes For Sale)
- Princeton (Photos | Homes For Sale)
- Hazard (Photos | Homes For Sale)
- Madisonville (Photos | Homes For Sale)
- Henderson (Photos | Homes For Sale)
- Paducah (Photos | Homes For Sale)
- Flatwoods (Photos | Homes For Sale)
So listen up Douglass Hills (the most expensive place in Kentucky) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Kentucky and the cheapest places in the country:
How We Determined The Cheapest Places To Live In The Bluegrass State For 2018
There are basic necessities that you have to buy no matter where in the country you live. Those things include:
- Health Insurance
You can then compare the cost of these things in each of the places in Kentucky to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” that normalizes to 100 for an average place in the United States.
So we used that cost of living index in order to rank all of the 74 places in Kentucky that have more than 5,000 people.
And just so you can better understand how the cost of living index works, 100 is the average cost of a place in the United States. A score of 90 means that the place cost 10% less than average. A score of 90 means it’s 10% less expensive.
San Francisco has a score of 243 meaning it’s almost 2.5 times as expensive as the average place in the country.
Williamsburg is a home rule-class city in and the county seat of Whitley County, Kentucky, United States. The population was 5,245 at the 2010 census. The city was founded in 1818 and named after William Whitley. The Cumberland River flows through the city.
Middlesboro is a home rule-class city in Bell County, Kentucky, United States. The population was 10,334 at the 2010 U.S. census, while its micropolitan area had a population of 69,060.
Corbin is a home rule-class city in Whitley and Knox counties in the southeastern portion of the U.S. state of Kentucky. The urbanized area around Corbin extends into Laurel County; this area is not incorporated into the city limits due to a state law prohibiting cities from being in more than two counties. However, this area is served by some of the city’s public services. As of the 2010 census, the city population was 7,304, with 21,132 living in the “urban cluster” that includes Corbin and North Corbin.
Princeton is a home rule-class city in Caldwell County, Kentucky, in the United States. It is the seat of its county. The population was 6,329 during the 2010 U.S. Census.
Hazard is a home rule-class city in and the county seat of Perry County, Kentucky, United States. The population was estimated to be 5,346 in 2014.
Madisonville is a home rule-class city in and the county seat of Hopkins County, Kentucky, United States, located along Interstate 69 in the state’s Western Coal Fields region. The population was 19,591 at the 2010 census. Madisonville is a commercial center of the region and is home to Madisonville Community College.
Henderson is a home rule-class city along the Ohio River in Henderson County in western Kentucky in the United States. The population was 28,757 at the 2010 U.S. census. It is part of the Evansville Metropolitan Area, locally known as the “Kentuckiana” or the “Tri-State Area”.
Paducah is a home rule-class city in and the county seat of McCracken County, Kentucky, United States. The largest city in the Jackson Purchase region, it is located at the confluence of the Tennessee and the Ohio Rivers, halfway between St. Louis, Missouri, to the northwest and Nashville, Tennessee, to the southeast. The population was 24,864 in 2015, down from 25,024 during the 2010 U.S. Census. Twenty blocks of the city’s downtown have been designated as a historic district and listed on the National Register of Historic Places.
Flatwoods is a home rule-class city in Greenup County, Kentucky, United States. Flatwoods is considered a suburb of nearby Ashland, although Ashland itself is located in neighboring Boyd County. The population of Flatwoods was 7,423 at the 2010 census, making Flatwoods the largest city in Greenup County. Flatwoods is a part of the Huntington-Ashland, WV-KY-OH, Metropolitan Statistical Area. As of the 2010 census, the MSA had a population of 287,702.
There You Have It Mr. Or Mrs. Kentucky Cheapskate
If you’re looking at the cost of living numbers in Kentucky, this is an accurate list of the cheapest places to call home.
Here’s a look at the most expensive cities in Kentucky according to the data:
- Douglass Hills
For more Kentucky reading, check out:
- These Are The 10 Best Places To Retire In Kentucky For 2018
- 10 Safest Places In Kentucky
- These Are The 10 Richest Cities In Kentucky
Detailed List Of The Cheapest Places In Kentucky