Belfry, Kentucky Cost Of Living

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C+

Overall 7%

Goods & Services 5%

Housing 8%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Belfry	Kentucky	National
Cost of living	93	91	100
Goods & Services	95	103	100
Groceries	98	92	100
Health care	92	81	100
Housing	92	70	100
Transportation	87	103	100
Utilities	87	105	100

Key findings

The cost of living in Belfry is 2% higher than the Kentucky average
The cost of living in Belfry is 7% lower than the national average
Belfry housing is 8% lower than the national average
Kentucky general sales tax is 18% higher than the national average
Kentucky state income tax is 103% 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	$51,473	$4,289	$1,201	$1,544
Renters	$0	$0	$0	$0

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	Belfry	National avg.	Difference
Haircut	$19.87	$20.27	2.0%
Beauty Salon	$33.09	$40.39	18.1%
Toothpaste	$2.69	$2.36	14.2%
Shampoo	$0.79	$1.08	26.3%
Movie	$10.13	$10.99	7.8%
Bowling	$19.44	$15.49	25.5%

Groceries

Item	Belfry	National avg.	Difference
Ground Beef	$5.14	$4.30	19.7%
Fried Chicken	$1.07	$1.40	23.8%
Milk	$3.50	$2.20	58.9%
Potatoes	$4.17	$3.22	29.6%
Pizza	$11.64	$10.74	8.4%
Beer	$9.68	$9.60	0.8%

Health Care

Item	Belfry	National avg.	Difference
Optometrist	$86.31	$109.73	21.3%
Doctor	$96.25	$118.34	18.7%
Dentist	$94.65	$100.94	6.2%
Ibuprofen	$10.20	$9.93	2.7%
Lipitor	$477.45	$469.53	1.7%

Housing

Item	Belfry	National avg.	Difference
Home Price	$170,100.00	$184,700.00	7.9%
Avg. Mortgage Payment	$1,121.03	$1,229.62	8.8%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Belfry	National avg.	Difference
Gasoline	$2.60	$2.71	4.0%
Tire Balancing	$38.00	$51.86	26.7%

Utilities

Item	Belfry	National avg.	Difference
All Electricity	$131.11	$170.84	23.3%
Phone	$189.02	$187.18	1.0%

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	Population	Cost of Living Index	National Avg.
Phelps, KY	706	93	7.0%
Holden, WV	726	93	7.0%
McCarr, KY	136	93	7.0%
Red Jacket, WV	558	75	24.7%
Matewan, WV	535	77	23.3%
Belfry, KY	295	93	7.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ambler, AK	295	112	12.2%
Kellerton, IA	295	74	25.6%
Marshall, IN	295	86	14.4%
Grainfield, KS	295	82	17.9%
Berry, KY	295	84	16.4%
Belfry, KY	295	93	7.3%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.