Water Valley 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.
IndexWater ValleyKentuckyNational
Cost of living index7887100
IndexWater ValleyKentuckyNational
Goods & Services index10797100
Groceries index7989100
Health care index9289100
Housing index4170100
Transportation index9197100
Utilities index7694100

Did you know?

  • The cost of living in Water Valley is 10% lower than the Kentucky average.
  • The cost of living in Water Valley is 22% lower than the national average.
  • The cost of housing in Water Valley is 59% 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 Water Valley, 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$24,792$2,066$578$744
Renters$17,292$1,441$403$519

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax
Kentucky6%6%

Kentucky Income Tax

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

Goods & Services

ItemWater ValleyNational avg.Difference
Haircut $13.08$15.5615.9%
Beauty Salon $33.80$36.116.4%
Toothpaste $1.25$2.4749.4%
Shampoo $1.00$0.963.6%
Movie $10.00$10.131.3%
Bowling $7.50$4.7458.4%

Groceries

ItemWater ValleyNational avg.Difference
Ground Beef $2.88$3.9827.6%
Fried Chicken $1.14$1.4119.2%
Milk $1.75$2.0615.2%
Potatoes $2.43$2.9818.4%
Pizza $9.19$9.473.0%
Beer $10.28$8.7916.9%

Health Care

ItemWater ValleyNational avg.Difference
Optometrist $106.29$101.045.2%
Doctor $119.31$107.4411.0%
Dentist $69.43$90.4223.2%
Ibuprofen $6.33$9.2831.8%
Lipitor $426.43$426.500.0%

Housing

ItemWater ValleyNational avg.Difference
Home Price $47,600.00$175,700.0072.9%
Avg. Mortgage Payment $838.36$1,133.2326.0%
Apartment Rent $688.00$920.0025.2%

Transportation

ItemWater ValleyNational avg.Difference
Gasoline $1.81$1.999.1%
Tire Balancing $42.09$45.768.0%

Utilities

ItemWater ValleyNational avg.Difference
All Electricity$151.62$163.817.4%
Phone $15.32$28.3946.0%
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.
Cayce, KY6894-6%
Pryorsburg, KY23672-28%
Clinton, KY1,40676-24%
Fulton, KY2,49779-21%
South Fulton, TN2,35279-21%
Water Valley, KY33278-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rosewood, OH33289-11%
Potter, NE33285-15%
West Okoboji, IA33212121%
Holyrood, KS33278-22%
Corsica, PA33283-17%
Water Valley, KY33278-22%
Source: The Water Valley, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.