Pikeville, KY Cost Of Living
Cost Of Living In Pikeville, KY Summary
Cost of living in Pikeville 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 Pikeville 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 Pikeville is 90, with 100 being the average.
The cost of living index in Pikeville is 0.9x lower than the national average.
Pikeville ranks as the #41 cheapest in Kentucky out of 85.
Pikeville ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Pikeville is $235,100.
The median income in Pikeville is $41,094.
Table Of Contents
Pikeville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Pikeville, KY?
According to the most recent data on the cost of living, Pikeville has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Pikeville has a cost of living index that's 1.0x lower than Kentucky's index of 94.
The standard of living in Pikeville ranks as #41 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Pikeville ranks as the #44 most expensive place in the Bluegrass State.
For more reading on life in Pikeville, check out:
- Living In Pikeville
- Pikeville Crime Report
- Search Homes For Sale In Pikeville, KY
In Kentucky
In America
Pikeville Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Pikeville. Here is how it fairs on each of the criteria:
The Services index in Pikeville is 99.
The Groceries index in Pikeville is 95.
The Health index in Pikeville is 91.
The Housing index in Pikeville is 88.
The Transportation index in Pikeville is 81.
The Utilities index in Pikeville is 82.
| Living Expense | Pikeville | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 90 | 94 | 100 | |
| Services | 99 | 105 | 100 | |
| Groceries | 95 | 97 | 100 | |
| Health | 91 | 79 | 100 | |
| Housing | 88 | 75 | 100 | |
| Transportation | 81 | 102 | 100 | |
| Utilities | 82 | 106 | 100 | |
Pikeville, 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 Pikeville is $235,100.
The Median Rent in Pikeville is $774.
The Median Income in Pikeville is $41,094.
The Home Value To Income in Pikeville is 5.7x.
The Rent To Monthly Income in Pikeville is 0.23x.
| Statistic | Pikeville | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $235,100 | $155,100 | $244,900 |
| Median Rent | $774 | $826 | $1,163 |
| Median Income | $41,094 | $55,454 | $69,021 |
| Home Value To Income | 5.7x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Pikeville, KY Costs By Category
Detailed Pikeville Services Costs Vs. Kentucky
Detailed Pikeville Groceries Costs Vs. Kentucky
Detailed Pikeville Health Costs Vs. Kentucky
Detailed Pikeville Transportation Costs Vs. Kentucky
Detailed Pikeville Utilities Costs Vs. Kentucky
Pikeville SnackAbility
/10
Cost Of Living In Cities Around Pikeville
The cost of living varies in the cities and towns around Pikeville. Here's a quick look at the cost of living in the most populous nearby places:
Richlands, VA has a cost of living index of 79, 0.9x Pikeville.
Big Stone Gap, VA has a cost of living index of 84, 0.9x Pikeville.
| City | Population | Cost Of Living | Vs. Pikeville |
|---|---|---|---|
| Richlands, VA | 5,300 | 79 | 0.9x |
| Big Stone Gap, VA | 5,280 | 84 | 0.9x |
