Cost Of Living in Island, KY

Get 300+ Local Insights for Any Address in Island, KY

Get Access to 300+ Local Data Points

A+

21%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

57%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Island	Kentucky	National
Cost of living	79	88	100
Groceries	97	98	100
Health care	94	97	100
Housing	43	70	100
Transportation	94	96	100
Utilities	94	95	100
Lifestyle & Entertainment	96	95	100
Household Items	96	97	100
Education & Childcare	88	94	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Island, KY

235 Railroad St

Island, KY

See the Newest Homes For Sale In Island, KY

Cost Of Living Quick Facts

The cost of living in Island is 10% lower than the Kentucky average
The cost of living in Island is 21% lower than the national average
Island housing is 57% lower than the national average
Kentucky general sales tax is 18% higher than the national average
Kentucky state income tax is 73% higher than the national average

Most Affordable Places to Live in and Around Island

See all the best places to live around Island

Compare Island, KY Cost of Living

Write a review to give others more information about this area.

See all Island poll results

The best places in Kentucky

Here are the best places to live in Kentucky

Safest States In The US

Check out the 10 most dangerous cities in Kentucky

Most Dangerous Cities In The US

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$70,936	$5,911	$1,655	$2,128
Renters	$42,186	$3,516	$984	$1,266

Kentucky Sales Tax

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

Kentucky Income Tax

State	Income Tax (Low)	Income Tax (High)
Kentucky	4.5%	4.5%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cleaton, KY	169	94	5.6%
Beech Grove, KY	279	76	23.8%
McHenry, KY	324	79	20.8%
Sacramento, KY	460	79	20.7%
South Carrollton, KY	237	80	20.5%
Island, KY	593	79	20.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Pryor, MT	593	105	5.5%
North Woodstock, NH	593	114	13.5%
Verona, OH	593	86	14.4%
Echo, OR	593	100	0.0%
Tripp, SD	593	76	23.7%
Island, KY	593	79	20.9%