Murray 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.
Cost of living index9289100
Goods & Services index99100100
Groceries index10090100
Health care index9293100
Housing index7270100
Transportation index9599100
Utilities index10996100
An overview of the general cost of living index for Murray, KY is displayed above for your reference. Residents in Murray, KY enjoy a cost of living index of 92. This index is 3% higher than the Kentucky average, and 8% 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 Murray, KY, the average cost of goods and services is 1% lower than it is in Kentucky, and it is 1% lower than the national average.

Did you know?

  • The cost of living in Murray is 3% higher than the Kentucky average.
  • The cost of living in Murray is 8% lower than the national average.
  • The cost of housing in Murray is 28% 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

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
The salary calculator is meant to help you compare your salary in Murray, KY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Murray, KY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Murray, KY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Murray, KY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Murray, KY homeowners, is $53,438. This would allow for a maximum of $1,247 per month to be spent on housing costs. For renters, the median monthly income is $13,226 which would result in a maximum of $309 to be spent on rental costs.

Kentucky Sales Tax

StateGeneral Sales TaxWith Max Surtax

Kentucky Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Murray, KY, the Kentucky income tax and the Kentucky sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Kentucky maximum surtax is 6%, and the Kentucky sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 6% in Kentucky.

Goods & Services

ItemMurrayNational avg.Difference
Haircut $14.79$16.098.0%
Beauty Salon $33.62$37.339.9%
Toothpaste $2.14$2.4512.5%
Shampoo $0.86$1.0013.8%
Movie $10.65$10.283.6%
Bowling $3.18$4.9335.6%


ItemMurrayNational avg.Difference
Ground Beef $4.95$3.8030.1%
Fried Chicken $1.32$1.405.3%
Milk $1.83$2.018.9%
Potatoes $3.57$3.0118.6%
Pizza $9.94$9.890.5%
Beer $9.04$8.901.6%

Health Care

ItemMurrayNational avg.Difference
Optometrist $58.06$102.1643.2%
Doctor $97.56$108.3610.0%
Dentist $94.01$92.531.6%
Ibuprofen $8.33$9.2810.2%
Lipitor $366.52$425.8213.9%


ItemMurrayNational avg.Difference
Home Price $143,700.00$184,700.0022.2%
Avg. Mortgage Payment $945.44$1,202.4421.4%
Apartment Rent $569.00$949.0040.0%


ItemMurrayNational avg.Difference
Gasoline $1.98$2.2412.0%
Tire Balancing $51.29$46.2910.8%


ItemMurrayNational avg.Difference
All Electricity$175.68$165.965.9%
Phone $32.45$28.6813.1%
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.
Dexter, KY4631000%
Hardin, KY60083-17%
Hazel, KY45483-17%
Puryear, TN73284-16%
Farmington, KY12799-1%
Murray, KY18,72692-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Secaucus, NJ18,73715757%
Middleton, WI18,70711717%
Ottawa, IL18,70791-9%
Thomasville, GA18,70691-9%
South Burlington, VT18,70412121%
Murray, KY18,72692-8%
Source: The Murray, KY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.