Paintsville 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.
IndexPaintsvilleKentuckyNational
Cost of living index8587100
IndexPaintsvilleKentuckyNational
Goods & Services index10197100
Groceries index9089100
Health care index9589100
Housing index5970100
Transportation index9697100
Utilities index8794100
An overview of the general cost of living index for Paintsville, KY is displayed above for your reference. Residents in Paintsville, KY enjoy a cost of living index of 85. This index is 3% lower than the Kentucky average, and 15% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Paintsville, KY, the average cost of goods and services is 3% higher than it is in Kentucky, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Paintsville is 3% lower than the Kentucky average.
  • The cost of living in Paintsville is 15% lower than the national average.
  • The cost of housing in Paintsville is 41% 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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Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Paintsville, KY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Paintsville, KY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Paintsville, KY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$61,000$5,083$1,423$1,830
Renters$16,359$1,363$382$491
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Paintsville, KY, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Paintsville, KY has a median income of about $61,000 for people who own homes. Based on that number, a person should spend a maximum of $1,423 on expenses related to housing. Renters have a slightly different median income, which is $16,359. Based on this average, renters should spend no more than $382 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
Kentucky2%6%
When considering the overall cost of living expenses in Paintsville, KY, it's important to take into account the sales tax for Kentucky, as well as the rate for income tax in Kentucky. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Kentucky is 6%, and the sales tax in the state of Kentucky is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Kentucky starts from 2% and goes up to 6%.

Goods & Services

ItemPaintsvilleNational avg.Difference
Haircut $16.00$15.562.8%
Beauty Salon $41.87$36.1116.0%
Toothpaste $2.05$2.4717.1%
Shampoo $0.86$0.9610.5%
Movie $8.99$10.1311.2%
Bowling $4.73$4.740.0%

Groceries

ItemPaintsvilleNational avg.Difference
Ground Beef $3.56$3.9810.7%
Fried Chicken $1.27$1.419.5%
Milk $1.41$2.0631.7%
Potatoes $2.78$2.986.7%
Pizza $8.96$9.475.4%
Beer $8.51$8.793.2%

Health Care

ItemPaintsvilleNational avg.Difference
Optometrist $78.32$101.0422.5%
Doctor $109.00$107.441.5%
Dentist $82.71$90.428.5%
Ibuprofen $8.16$9.2812.1%
Lipitor $422.30$426.501.0%

Housing

ItemPaintsvilleNational avg.Difference
Home Price $111,000.00$175,700.0036.8%
Avg. Mortgage Payment $912.59$1,133.2319.5%
Apartment Rent $447.00$920.0051.4%

Transportation

ItemPaintsvilleNational avg.Difference
Gasoline $2.00$1.990.4%
Tire Balancing $39.29$45.7614.1%

Utilities

ItemPaintsvilleNational avg.Difference
All Electricity$128.21$163.8121.7%
Phone $28.32$28.390.2%
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.
Salyersville, KY1,79177-23%
Blaine, KY7178-22%
Allen, KY18081-19%
Prestonsburg, KY3,32381-19%
Auxier, KY36682-18%
Paintsville, KY4,25485-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Berryville, VA4,25411515%
Lonoke, AR4,25587-13%
Egg Harbor City, NJ4,2531099%
North East, PA4,25384-16%
Freeburg, IL4,25295-5%
Paintsville, KY4,25485-15%
Source: The Paintsville, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.