Morehead, KY Cost Of Living
Cost Of Living In Morehead, KY Summary
Cost of living in Morehead 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 Morehead 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 Morehead is 90, with 100 being the average.
The cost of living index in Morehead is 0.9x lower than the national average.
Morehead ranks as the #41 cheapest in Kentucky out of 85.
Morehead ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Morehead is $154,300.
The median income in Morehead is $33,409.
Table Of Contents
Morehead's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Morehead, KY?
According to the most recent data on the cost of living, Morehead has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Morehead has a cost of living index that's 1.0x lower than Kentucky's index of 94.
The standard of living in Morehead ranks as #41 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Morehead ranks as the #44 most expensive place in the Bluegrass State.
For more reading on life in Morehead, check out:
- Living In Morehead
- Morehead Crime Report
- Search Homes For Sale In Morehead, KY
In Kentucky
In America
Morehead Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Morehead. Here is how it fairs on each of the criteria:
The Services index in Morehead is 100.
The Groceries index in Morehead is 90.
The Health index in Morehead is 81.
The Housing index in Morehead is 80.
The Transportation index in Morehead is 95.
The Utilities index in Morehead is 102.
| Living Expense | Morehead | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 90 | 94 | 100 | |
| Services | 100 | 105 | 100 | |
| Groceries | 90 | 97 | 100 | |
| Health | 81 | 79 | 100 | |
| Housing | 80 | 75 | 100 | |
| Transportation | 95 | 102 | 100 | |
| Utilities | 102 | 106 | 100 | |
Morehead, 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 Morehead is $154,300.
The Median Rent in Morehead is $696.
The Median Income in Morehead is $33,409.
The Home Value To Income in Morehead is 4.6x.
The Rent To Monthly Income in Morehead is 0.25x.
| Statistic | Morehead | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $154,300 | $155,100 | $244,900 |
| Median Rent | $696 | $826 | $1,163 |
| Median Income | $33,409 | $55,454 | $69,021 |
| Home Value To Income | 4.6x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Morehead, KY Costs By Category
Detailed Morehead Services Costs Vs. Kentucky
Detailed Morehead Groceries Costs Vs. Kentucky
Detailed Morehead Health Costs Vs. Kentucky
Detailed Morehead Transportation Costs Vs. Kentucky
Detailed Morehead Utilities Costs Vs. Kentucky
Morehead SnackAbility
/10
Cost Of Living In Cities Around Morehead
The cost of living varies in the cities and towns around Morehead. Here's a quick look at the cost of living in the most populous nearby places:
Ashland, KY has a cost of living index of 83, 0.9x Morehead.
Winchester, KY has a cost of living index of 89, 1.0x Morehead.
Ironton, OH has a cost of living index of 83, 0.9x Morehead.
| City | Population | Cost Of Living | Vs. Morehead |
|---|---|---|---|
| Ashland, KY | 21,695 | 83 | 0.9x |
| Winchester, KY | 18,993 | 89 | 1.0x |
| Ironton, OH | 10,647 | 83 | 0.9x |
| Paris, KY | 10,202 | 88 | 1.0x |
| Maysville, KY | 8,851 | 86 | 1.0x |
| Flatwoods, KY | 7,314 | 82 | 0.9x |
| Cynthiana, KY | 6,291 | 86 | 1.0x |
