Cost Of Living in Oak Grove, KY

A+

11%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

27%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Oak Grove	Kentucky	National
Cost of living	89	90	100
Goods & Services	94	101	100
Groceries	100	101	100
Health care	91	84	100
Housing	73	70	100
Transportation	92	92	100
Utilities	102	104	100

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Cost Of Living Quick Facts

The cost of living in Oak Grove is 2% lower than the Kentucky average
The cost of living in Oak Grove is 11% lower than the national average
Oak Grove housing is 27% lower than the national average
Kentucky general sales tax is 18% higher than the national average
Kentucky state income tax is 122% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$70,897	$5,908	$1,654	$2,127
Renters	$34,849	$2,904	$813	$1,046

A good way to judge both the affordability of the housing and the cost of living in Oak Grove is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Oak Grove has a median income of about $70,897 for people who own homes. Based on that number, a maximum of $1,654 should be spent on expenses related to housing. Renters have a slightly different median income, which is $34,849. Based on this average, renters should spend no more than $813 on all rental costs if they want to maintain a non-impoverished standard of living.

Kentucky Sales Tax

State	General Sales Tax	With Max Surtax
Kentucky	6%	6%

Kentucky Income Tax

State	Income Tax (Low)	Income Tax (High)
Kentucky	5%	5%

Goods & Services

Item	Oak Grove	National avg.	Difference
Haircut	$24.76	$24.26	2.1%
Beauty Salon	$46.01	$45.56	1.0%
Toothpaste	$3.71	$3.70	0.2%
Shampoo	$1.23	$1.28	3.9%
Movie	$13.30	$12.13	9.6%
Bowling	$19.79	$18.00	9.9%

Groceries

Item	Oak Grove	National avg.	Difference
Ground Beef	$5.70	$5.84	2.4%
Fried Chicken	$1.43	$1.57	8.9%
Milk	$4.68	$4.67	0.2%
Potatoes	$5.16	$4.93	4.6%
Pizza	$10.85	$12.09	10.3%
Beer	$10.05	$10.41	3.5%

Health Care

Item	Oak Grove	National avg.	Difference
Optometrist	$96.03	$125.68	23.6%
Doctor	$116.91	$135.78	13.9%
Dentist	$104.65	$113.29	7.6%
Ibuprofen	$10.51	$10.65	1.3%
Lipitor	$460.51	$468.60	1.7%

Housing

Item	Oak Grove	National avg.	Difference
Home Price	$115,400.00	$184,700.00	37.5%
Avg. Mortgage Payment	$2,548.79	$2,346.69	8.6%
Apartment Rent	$912.00	$949.00	3.9%

Transportation

Item	Oak Grove	National avg.	Difference
Gasoline	$3.12	$3.46	9.8%
Tire Balancing	$57.43	$59.92	4.2%

Utilities

Item	Oak Grove	National avg.	Difference
All Electricity	$183.77	$193.99	5.3%
Phone	$218.37	$192.25	13.6%

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	Population	Cost of Living Index	National Avg.
Gracey, KY	71	96	4.0%
Fairview city, KY	148	81	19.0%
Elkton, KY	2,065	83	16.6%
LaFayette, KY	168	85	15.1%
Guthrie, KY	1,301	85	15.1%
Oak Grove, KY	7,332	89	11.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Athabasca County, AB	7,331	n/a
Wildwood, FL	7,339	100	0.1%
Tolleson, AZ	7,340	100	0.2%
Windsor, WI	7,340	120	19.9%
Chandler, QC	7,341	n/a
Oak Grove, KY	7,332	89	11.0%