A
Overall 22%
Goods & Services 12%
Housing 49%
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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.
IndexMayfieldKentuckyNational
Cost of living7891100
Goods & Services88103100
Groceries9192100
Health care8281100
Housing5170100
Transportation87103100
Utilities97105100

Key findings

  • The cost of living in Mayfield is 14% lower than the Kentucky average
  • The cost of living in Mayfield is 22% lower than the national average
  • Mayfield housing is 49% 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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Compare Mayfield, KY Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$42,345$3,529$988$1,270
      Renters$16,626$1,386$388$499
      A good way to judge both the affordability of the housing and the cost of living in Mayfield 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. Mayfield has a median income of about $42,345 for people who own homes. Based on that number, a maximum of $988 should be spent on expenses related to housing. Renters have a slightly different median income, which is $16,626. Based on this average, renters should spend no more than $388 on all 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)
      Kentucky5%5%

      Goods & Services

      ItemMayfieldNational avg.Difference
      Haircut $20.56$20.271.4%
      Beauty Salon $36.67$40.399.2%
      Toothpaste $1.78$2.3624.6%
      Shampoo $0.94$1.0812.7%
      Movie $10.12$10.997.9%
      Bowling $11.39$15.4926.5%

      Groceries

      ItemMayfieldNational avg.Difference
      Ground Beef $3.69$4.3014.1%
      Fried Chicken $1.00$1.4028.8%
      Milk $1.92$2.2013.0%
      Potatoes $3.07$3.224.7%
      Pizza $10.07$10.746.2%
      Beer $9.99$9.604.0%

      Health Care

      ItemMayfieldNational avg.Difference
      Optometrist $102.11$109.736.9%
      Doctor $127.50$118.347.7%
      Dentist $64.97$100.9435.6%
      Ibuprofen $8.81$9.9311.3%
      Lipitor $336.15$469.5328.4%

      Housing

      ItemMayfieldNational avg.Difference
      Home Price $85,000.00$184,700.0054.0%
      Avg. Mortgage Payment $872.97$1,229.6229.0%
      Apartment Rent $585.00$949.0038.4%

      Transportation

      ItemMayfieldNational avg.Difference
      Gasoline $2.42$2.7110.8%
      Tire Balancing $43.61$51.8615.9%

      Utilities

      ItemMayfieldNational avg.Difference
      All Electricity$160.73$170.845.9%
      Phone $189.02$187.181.0%
      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

      CityPopulationCost of Living IndexNational Avg.
      Lowes, KY768910.8%
      Pryorsburg, KY2086633.6%
      Hickory, KY1787128.7%
      Water Valley, KY2537525.1%
      Fancy Farm, KY5597723.0%
      Mayfield, KY10,0787822.4%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Pike Creek Valley, DE10,07711616.1%
      Coral Hills, MD10,08711312.8%
      Fairmount, NY10,087955.3%
      Naranja, FL10,068981.5%
      Atmore, AL10,0678217.6%
      Mayfield, KY10,0787822.4%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.