Corbin, KY Cost Of Living
Cost Of Living In Corbin, KY Summary
Cost of living in Corbin 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 Corbin 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 Corbin is 80, with 100 being the average.
The cost of living index in Corbin is 0.8x lower than the national average.
Corbin ranks as the #4 cheapest in Kentucky out of 85.
Corbin ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Corbin is $129,500.
The median income in Corbin is $45,307.
Table Of Contents
Corbin's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Corbin, KY?
According to the most recent data on the cost of living, Corbin has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Kentucky, Corbin has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Corbin ranks as #4 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Corbin ranks as the #81 most expensive place in the Bluegrass State.
For more reading on life in Corbin, check out:
- Living In Corbin
- Corbin Crime Report
- Search Homes For Sale In Corbin, KY
In Kentucky
In America
Corbin Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Corbin. Here is how it fairs on each of the criteria:
The Services index in Corbin is 90.
The Groceries index in Corbin is 85.
The Health index in Corbin is 90.
The Housing index in Corbin is 53.
The Transportation index in Corbin is 87.
The Utilities index in Corbin is 95.
| Living Expense | Corbin | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 80 | 94 | 100 | |
| Services | 90 | 105 | 100 | |
| Groceries | 85 | 97 | 100 | |
| Health | 90 | 79 | 100 | |
| Housing | 53 | 75 | 100 | |
| Transportation | 87 | 102 | 100 | |
| Utilities | 95 | 106 | 100 | |
Corbin, 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 Corbin is $129,500.
The Median Rent in Corbin is $614.
The Median Income in Corbin is $45,307.
The Home Value To Income in Corbin is 2.9x.
The Rent To Monthly Income in Corbin is 0.16x.
| Statistic | Corbin | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $129,500 | $155,100 | $244,900 |
| Median Rent | $614 | $826 | $1,163 |
| Median Income | $45,307 | $55,454 | $69,021 |
| Home Value To Income | 2.9x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Corbin, KY Costs By Category
Detailed Corbin Services Costs Vs. Kentucky
Detailed Corbin Groceries Costs Vs. Kentucky
Detailed Corbin Health Costs Vs. Kentucky
Detailed Corbin Transportation Costs Vs. Kentucky
Detailed Corbin Utilities Costs Vs. Kentucky
Corbin SnackAbility
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Cost Of Living In Cities Around Corbin
The cost of living varies in the cities and towns around Corbin. Here's a quick look at the cost of living in the most populous nearby places:
Berea, KY has a cost of living index of 90, 1.1x Corbin.
Somerset, KY has a cost of living index of 85, 1.1x Corbin.
Middlesborough, KY has a cost of living index of 80, 1.0x Corbin.
| City | Population | Cost Of Living | Vs. Corbin |
|---|---|---|---|
| Berea, KY | 15,465 | 90 | 1.1x |
| Somerset, KY | 11,696 | 85 | 1.1x |
| Middlesborough, KY | 9,493 | 80 | 1.0x |
| London, KY | 7,492 | 88 | 1.1x |
| La Follette, TN | 7,384 | 75 | 0.9x |
| Monticello, KY | 5,782 | 74 | 0.9x |
| Williamsburg, KY | 5,272 | 75 | 0.9x |
