Farmington cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFarmingtonKentuckyNational
Cost of living index7988100
IndexFarmingtonKentuckyNational
Goods & Services index11395100
Groceries index8996100
Health care index9195100
Housing index2770100
Transportation index9697100
Utilities index9092100

Did you know?

  • The cost of living in Farmington is 10% lower than the Kentucky average.
  • The cost of living in Farmington is 21% lower than the national average.
  • The cost of housing in Farmington is 73% lower than the national average.
  • Kentucky general sales tax is 18% higher than the national average.
  • Kentucky state income tax is 10% lower than the national average.

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Health care index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,865$4,655$1,303$1,676
Renters$0$0$0$0

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%

Goods & Services

ItemFarmingtonNational avg.Difference
Haircut $13.25$14.599.2%
Beauty Salon $32.00$34.687.7%
Toothpaste $1.50$2.4739.4%
Shampoo $1.33$1.0230.1%
Movie $9.00$9.878.8%
Bowling $4.10$4.396.6%

Groceries

ItemFarmingtonNational avg.Difference
Ground Beef $2.97$4.4833.7%
Fried Chicken $1.00$1.4631.7%
Milk $1.81$2.3623.2%
Potatoes $3.08$3.060.6%
Pizza $9.88$9.246.9%
Beer $7.97$8.637.7%

Health Care

ItemFarmingtonNational avg.Difference
Optometrist $110.00$99.7810.2%
Doctor $99.00$105.035.7%
Dentist $69.60$88.7021.5%
Ibuprofen $6.83$9.4127.4%
Lipitor $316.00$298.505.9%

Housing

ItemFarmingtonNational avg.Difference
Home Price $47,700.00$175,700.0072.9%
Avg. Mortgage Payment $769.34$1,081.0328.8%
Apartment Rent $0.00$920.00100.0%

Transportation

ItemFarmingtonNational avg.Difference
Gasoline $1.98$2.095.5%
Tire Balancing $46.00$45.291.6%

Utilities

ItemFarmingtonNational avg.Difference
All Electricity$158.55$170.807.2%
Phone $24.01$28.2615.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Lowes, KY1041011%
Pryorsburg, KY23677-23%
Fancy Farm, KY63483-17%
Dexter, KY37484-16%
Hazel, KY49984-16%
Farmington, KY15079-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Harris, IA15081-19%
Wacissa, FL15079-21%
Westcreek, CO1501099%
Renick, MO15080-20%
Lake Cavanaugh, WA15017474%
Farmington, KY15079-21%
Source: The Farmington, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.