Hopkinsville, KY Cost Of Living
Cost Of Living In Hopkinsville, KY Summary
Cost of living in Hopkinsville 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 Hopkinsville 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 Hopkinsville is 85, with 100 being the average.
The cost of living index in Hopkinsville is 0.8x lower than the national average.
Hopkinsville ranks as the #15 cheapest in Kentucky out of 85.
Hopkinsville ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Hopkinsville is $120,100.
The median income in Hopkinsville is $40,442.
Table Of Contents
Hopkinsville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hopkinsville, KY?
According to the most recent data on the cost of living, Hopkinsville has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Kentucky, Hopkinsville has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Hopkinsville ranks as #15 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Hopkinsville ranks as the #70 most expensive place in the Bluegrass State.
For more reading on life in Hopkinsville, check out:
- Living In Hopkinsville
- Hopkinsville Crime Report
- Search Homes For Sale In Hopkinsville, KY
In Kentucky
In America
Hopkinsville Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Hopkinsville. Here is how it fairs on each of the criteria:
The Services index in Hopkinsville is 100.
The Groceries index in Hopkinsville is 86.
The Health index in Hopkinsville is 87.
The Housing index in Hopkinsville is 65.
The Transportation index in Hopkinsville is 99.
The Utilities index in Hopkinsville is 106.
| Living Expense | Hopkinsville | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 85 | 94 | 100 | |
| Services | 100 | 105 | 100 | |
| Groceries | 86 | 97 | 100 | |
| Health | 87 | 79 | 100 | |
| Housing | 65 | 75 | 100 | |
| Transportation | 99 | 102 | 100 | |
| Utilities | 106 | 106 | 100 | |
Hopkinsville, 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 Hopkinsville is $120,100.
The Median Rent in Hopkinsville is $767.
The Median Income in Hopkinsville is $40,442.
The Home Value To Income in Hopkinsville is 3.0x.
The Rent To Monthly Income in Hopkinsville is 0.23x.
| Statistic | Hopkinsville | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $120,100 | $155,100 | $244,900 |
| Median Rent | $767 | $826 | $1,163 |
| Median Income | $40,442 | $55,454 | $69,021 |
| Home Value To Income | 3.0x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Hopkinsville, KY Costs By Category
Detailed Hopkinsville Services Costs Vs. Kentucky
| Item | Hopkinsville | Kentucky |
|---|---|---|
| Shampoo | $0.85 | $1.06 |
| Movie | $11.19 | $10.68 |
| Bowling | $3.98 | $14.67 |
| Haircut | $15.99 | $18.62 |
| Beauty Salon | $38.05 | $39.05 |
Detailed Hopkinsville Groceries Costs Vs. Kentucky
| Item | Hopkinsville | Kentucky |
|---|---|---|
| Ground Beef | $3.96 | $4.22 |
| Fried Chicken | $1.01 | $1.39 |
| Milk | $1.2 | $2.05 |
| Potatoes | $4.03 | $3.29 |
| Pizza | $8.31 | $10.62 |
| Beer | $8.11 | $9.38 |
| Toothpaste | $3.0 | $2.34 |
Detailed Hopkinsville Health Costs Vs. Kentucky
| Item | Hopkinsville | Kentucky |
|---|---|---|
| Optometrist | $88.44 | $108.57 |
| Doctor | $80.22 | $116.17 |
| Dentist | $85.29 | $99.13 |
Detailed Hopkinsville Transportation Costs Vs. Kentucky
| Item | Hopkinsville | Kentucky |
|---|---|---|
| Gasoline | $2.3 | $2.22 |
| Tire Balancing | $43.03 | $50.07 |
Detailed Hopkinsville Utilities Costs Vs. Kentucky
| Item | Hopkinsville | Kentucky |
|---|---|---|
| All Electricity | $177.56 | $167.67 |
| Phone | $29.84 | $175.64 |
Hopkinsville SnackAbility
/10
Cost Of Living In Cities Around Hopkinsville
The cost of living varies in the cities and towns around Hopkinsville. Here's a quick look at the cost of living in the most populous nearby places:
Clarksville, TN has a cost of living index of 93, 1.1x Hopkinsville.
Central, LA has a cost of living index of 96, 1.1x Hopkinsville.
Madisonville, KY has a cost of living index of 86, 1.0x Hopkinsville.
| City | Population | Cost Of Living | Vs. Hopkinsville |
|---|---|---|---|
| Clarksville, TN | 163,518 | 93 | 1.1x |
| Central, LA | 29,746 | 96 | 1.1x |
| Madisonville, KY | 19,533 | 86 | 1.0x |
| Murray, KY | 17,241 | 83 | 1.0x |
| Fort Campbell North, KY | 13,323 | 105 | 1.2x |
| Oak Grove, KY | 7,699 | 89 | 1.0x |
| Greenbrier, TN | 6,845 | 89 | 1.0x |
| Princeton, KY | 6,206 | 86 | 1.0x |
