Zip 40371 (Salt Lick, KY) Cost of Living


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Salt Lick cost of living score
72.9
Less expensive
27.1% lower
than the US average
11.4% lower
than the Kentucky average
Salt Lick (zip 40371), Kentucky gets a BestPlaces Cost of Living score of 72.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.1% lower than the U.S. average and 11.4% higher than the average for Kentucky.

Zip 40371 (Salt Lick, KY)

Housing costs in Salt Lick?
A typical home costs $129,400, which is 61.7% less expensive than the national average of $338,100 and 33.4% less expensive than the average Kentucky home, at $194,300. Renting a two-bedroom unit in Salt Lick costs $750 per month, which is 18.5% cheaper than the national average of $920 and close to the state average of $750.

Can I afford Salt Lick?
To live comfortably in Salt Lick (zip 40371), Kentucky, a minimum annual income of $24,840 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Salt Lick?
The cost of living in 40371 Salt Lick, KY is relatively low in comparison to the national average. According to Best Places, the median household income is $35,919 and the median home value is $86,800. The cost of housing is 8% lower than the national average with an average rent of $639 per month. The cost of groceries is also 8% lower than the national average and utilities are 11% lower than the national average. In general, the cost of living in 40371 Salt Lick, KY is much lower than most other places making it a great place for those looking to stretch their dollar further.
   Cost of living score
     CategoriesSalt LickKentuckyUnited States
  72.982.3100.0
  94.194.2100
  102.2102.2100.0
  28.556.9100.0
  $129,400$194,300$338,100
  94.0%92.9%100.0%
  83.789.1100.0
  68.777.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime