Grand Rivers 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.
IndexGrand RiversKentuckyNational
Cost of living index8787100
IndexGrand RiversKentuckyNational
Goods & Services index9697100
Groceries index8989100
Health care index9489100
Housing index7270100
Transportation index8997100
Utilities index9194100

Did you know?

  • The cost of living in Grand Rivers is 1% lower than the Kentucky average.
  • The cost of living in Grand Rivers is 13% lower than the national average.
  • The cost of housing in Grand Rivers is 28% 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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Compare Grand Rivers, KY Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,375$4,531$1,269$1,631
Renters$28,958$2,413$676$869

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

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

Goods & Services

ItemGrand RiversNational avg.Difference
Haircut $16.85$15.568.2%
Beauty Salon $32.83$36.119.1%
Toothpaste $1.64$2.4733.8%
Shampoo $0.90$0.967.1%
Movie $9.13$10.139.8%
Bowling $3.43$4.7427.6%

Groceries

ItemGrand RiversNational avg.Difference
Ground Beef $3.87$3.982.8%
Fried Chicken $1.11$1.4121.4%
Milk $1.52$2.0626.5%
Potatoes $2.61$2.9812.6%
Pizza $9.99$9.475.5%
Beer $7.84$8.7910.8%

Health Care

ItemGrand RiversNational avg.Difference
Optometrist $117.91$101.0416.7%
Doctor $90.53$107.4415.7%
Dentist $81.87$90.429.5%
Ibuprofen $8.25$9.2811.1%
Lipitor $445.26$426.504.4%

Housing

ItemGrand RiversNational avg.Difference
Home Price $136,500.00$175,700.0022.3%
Avg. Mortgage Payment $915.34$1,133.2319.2%
Apartment Rent $550.00$920.0040.2%

Transportation

ItemGrand RiversNational avg.Difference
Gasoline $1.86$1.996.6%
Tire Balancing $36.00$45.7621.3%

Utilities

ItemGrand RiversNational avg.Difference
All Electricity$168.12$163.812.6%
Phone $21.67$28.3923.7%
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.
Dycusburg, KY1893-7%
Gilbertsville, KY21274-26%
Fredonia, KY37979-21%
Smithland, KY45279-21%
Ledbetter, KY1,75780-20%
Grand Rivers, KY42987-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Newville, AL42976-24%
Waltonville, IL42982-18%
Weston, TX42999-1%
Newell, CA42986-14%
Cherry, IL42983-17%
Grand Rivers, KY42987-13%
Source: The Grand Rivers, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.