Richmond cost of living is 85.0
| COST OF LIVING | Richmond | Kentucky |
|---|---|---|
| Grocery | 97.1 | 94.2 |
| Health | 103.2 | 102.2 |
| Housing | 74.9 | 56.9 |
| Median Home Cost | $218,600 | $165,900 |
What is the average cost of living in Kentucky?
Average Cost of Living in Kentucky: $36,574 per year
The average cost of living in Kentucky is $36,574 per person, according to the most recent personal consumption expenditure data from the Bureau of Economic Analysis’ latest Personal Consumption Expenditures data .
Is Richmond Kentucky a good place to live?
The city of Richmond is an affordable place to live in the Lexington Metro Area. It also has quite a bit of attractions including downtown small business shops. This is also where EKU is located. Great place to start a family or even start solo as rent is only $713 a month average and right now the market is hot.
Is Richmond low cost of living?
The cost of living in Richmond, VA is 6% lower than the state average and 4% lower than the national average. Richmond, VA housing is 10% cheaper than the U.S average, while utilities are about 3% pricier.
What is Richmond KY known for?
This historic college town in Central Kentucky sits in rambling green countryside strewn with farms, wineries and places of immense historical importance. One is the site of Fort Boonesborough, founded by the famed frontiersman Daniel Boone after he and his men crossed the Kentucky River in 1775.
How much money do you need to live comfortably in Kentucky?
According to Glassmeier’s research, a family of four in Kentucky with both parents working full-time jobs would need to make at least $81,000 a year to meet their basic needs.
What is a good hourly wage in KY?
Avg. Base Salary (USD)
Kentucky pays an average hourly rate of $538 and hourly wages range from a low of $470 to a high of $620. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee.
What is the friendliest town in Kentucky?
Murray, Kentucky
Murray has been called the Friendliest Town In America by USA Today and if you’ve ever stopped by, you know it’s true. This place has a lot to offer and will surely charm you beyond words. Murray is a lovely college town located just west of Kentucky Lake that is beloved by both residents and visitors.
Where is the nicest place to live in Kentucky?
“Fort Thomas ranks 1st on our list of best places to live in Kentucky thanks to its low unemployment and high adjusted median income.
Fort Thomas is the best place to live in Kentucky, according to…
- Villa Hills.
- Fort Mitchell.
- Wilmore.
- Fort Wright.
- Cold Spring.
- Bellevue.
- Jeffersontown.
- Douglas Hills.
What is the safest part of Kentucky to live?
1. Villa Hills. The safest city in Kentucky is none other than Villa Hills, a home rule-class city in Kenton County. Located along the Ohio River, Villa Hills was settled in the 1800s, but was not incorporated into the state of Kentucky until 1962.
How much money do you need to make to live in Richmond?
Typical Expenses
| 1 ADULT | ||
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $31,622 | $56,269 |
| Annual taxes | $7,758 | $13,804 |
| Required annual income before taxes | $39,380 | $70,073 |
What’s the best part of Richmond to live in?
If you’re thinking about living in Richmond, check out these five best neighborhoods for safety and affordability!
- Bellevue.
- Byrd Park.
- Museum District.
- Three Chopt.
- Westover Hills.
Is it safe to live in Richmond?
How safe is Richmond, VA? The metropolitan area’s violent crime rate was lower than the national rate in 2020. Its rate of property crime was higher than the national rate.
What is the crime rate in Richmond KY?
The chance that a person will become a victim of a violent crime in Richmond; such as armed robbery, aggravated assault, rape or murder; is 1 in 393. This equates to a rate of 3 per one thousand inhabitants. In addition, NeighborhoodScout found that a lot of the crime that takes place in Richmond is property crime.
What percentage of Richmond is black?
46.1%
Table
| Population | |
|---|---|
| White alone, percent | 45.2% |
| Black or African American alone, percent(a) | 46.1% |
| American Indian and Alaska Native alone, percent(a) | 0.2% |
| Asian alone, percent(a) | 2.1% |
Is Richmond Kentucky in the flood area?
Overall, Richmond has a moderate risk of flooding over the next 30 years, which means flooding is likely to impact day-to-day life within the community.
What city in Kentucky has the lowest cost of living?
Here’s the top 10 most affordable:
- Princeton, Kentucky.
- Central City, Kentucky.
- Hebron, Kentucky.
- Flatwoods, Kentucky.
- Hillview, Kentucky.
- Elsmere, Kentucky.
- Burlington, Kentucky.
- Independence, Kentucky.
Where is the cheapest place in Kentucky to live?
- Middlesboro. Home Price to Income Ratio: 3.59%
- Ashland. Home Price to Income Ratio: 2.51%
- Glasgow. Home Price to Income Ratio: 3.59%
- Somerset. Home Price to Income Ratio: 4.01%
- Shively. Home Price to Income Ratio: 2.74%
- Henderson. Home Price to Income Ratio: 3.03%
- Madisonville. Home Price to Income Ratio: 2.8%
- Owensboro.
Is Kentucky a tax friendly state?
State sales taxes in Kentucky are relatively low at 6%. But unlike most other states, local governments cannot collect their own sales taxes in the Bluegrass State.
What is considered middle class in Kentucky?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Couple |
|---|---|---|
| Kansas | $23,615 – $70,844 | $33,396 – $100,188 |
| Kentucky | $22,910 – $68,730 | $32,400 – $97,199 |
| Louisiana | $23,588 – $70,765 | $33,359 – $100,077 |
| Maine | $25,676 – $77,028 | $36,311 – $108,934 |
What salary is considered poverty in Kentucky?
By this definition, the poverty threshold today for a family of four is roughly $26,000 annually; for an individual, that number is $13,000.