Cost Of Living in Paintsville, KY

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Paintsville	Kentucky	National
Cost of living	91	90	100
Goods & Services	95	101	100
Groceries	100	101	100
Health care	101	84	100
Housing	78	70	100
Transportation	94	92	100
Utilities	98	104	100

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Cost Of Living Quick Facts

The cost of living in Paintsville is equal to the Kentucky average
The cost of living in Paintsville is 9% lower than the national average
Paintsville housing is 22% lower than the national average
Kentucky general sales tax is 18% higher than the national average
Kentucky state income tax is 73% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$59,688	$4,974	$1,393	$1,791
Renters	$17,730	$1,478	$414	$532

A good way to judge both the affordability of the housing and the cost of living in Paintsville is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Paintsville has a median income of about $59,688 for people who own homes. Based on that number, a maximum of $1,393 should be spent on expenses related to housing. Renters have a slightly different median income, which is $17,730. Based on this average, renters should spend no more than $414 on all rental costs if they want to maintain a non-impoverished standard of living.

Kentucky Sales Tax

State	General Sales Tax	With Max Surtax
Kentucky	6%	6%

Kentucky Income Tax

State	Income Tax (Low)	Income Tax (High)
Kentucky	4.5%	4.5%

Goods & Services

Item	Paintsville	National avg.	Difference
Haircut	$18.78	$24.26	22.6%
Beauty Salon	$46.22	$45.56	1.4%
Toothpaste	$3.56	$3.70	3.8%
Shampoo	$1.18	$1.28	8.1%
Movie	$12.41	$12.13	2.3%
Bowling	$13.67	$18.00	24.1%

Groceries

Item	Paintsville	National avg.	Difference
Ground Beef	$5.57	$5.84	4.5%
Fried Chicken	$1.35	$1.57	14.0%
Milk	$4.83	$4.67	3.4%
Potatoes	$5.16	$4.93	4.6%
Pizza	$11.31	$12.09	6.4%
Beer	$10.19	$10.41	2.1%

Health Care

Item	Paintsville	National avg.	Difference
Optometrist	$172.33	$125.68	37.1%
Doctor	$158.83	$135.78	17.0%
Dentist	$107.83	$113.29	4.8%
Ibuprofen	$10.49	$10.65	1.5%
Lipitor	$355.05	$468.60	24.2%

Housing

Item	Paintsville	National avg.	Difference
Home Price	$164,100.00	$184,700.00	11.2%
Avg. Mortgage Payment	$1,346.93	$2,346.69	42.6%
Apartment Rent	$490.00	$949.00	48.4%

Transportation

Item	Paintsville	National avg.	Difference
Gasoline	$3.36	$3.46	3.0%
Tire Balancing	$52.00	$59.92	13.2%

Utilities

Item	Paintsville	National avg.	Difference
All Electricity	$189.47	$193.99	2.3%
Phone	$186.09	$192.25	3.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Dwale, KY	192	97	3.5%
Auxier, KY	917	80	20.4%
Salyersville, KY	1,964	87	13.2%
Prestonsburg, KY	3,537	87	12.6%
Inez, KY	968	88	11.6%
Paintsville, KY	4,032	91	9.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Herricks, NY	4,032	190	90.4%
Fenton, MO	4,033	111	10.9%
Palmer Heights, PA	4,033	109	9.0%
Fremont, MI	4,030	86	14.5%
Franklin, NC	4,030	95	5.1%
Paintsville, KY	4,032	91	9.1%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Paintsville, KY