Cost Of Living in Water Valley, KY

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13%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

38%

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	Water Valley	Kentucky	National
Cost of living	87	88	100
Groceries	97	98	100
Health care	96	97	100
Housing	62	70	100
Transportation	99	96	100
Utilities	98	95	100
Lifestyle & Entertainment	95	95	100
Household Items	99	97	100
Education & Childcare	96	94	100

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Homes For Sale In Water Valley, KY

16155 State Route 45 S

Water Valley, KY

7427 Kentucky 1529

Water Valley, KY

Wingo Road And KY 129

Mayfield, KY

Cost Of Living Quick Facts

The cost of living in Water Valley is 2% lower than the Kentucky average
The cost of living in Water Valley is 13% lower than the national average
Water Valley housing is 38% 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

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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	$103,421	$8,618	$2,413	$3,103
Renters	$65,438	$5,453	$1,527	$1,963

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.
Cayce, KY	146	97	3.0%
Pryorsburg, KY	235	76	24.2%
Fulton, KY	2,468	79	21.0%
Clinton, KY	1,324	79	21.1%
South Fulton, TN	2,185	82	18.4%
Water Valley, KY	141	87	13.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Pine Apple, AL	141	87	13.3%
Waterloo, AL	141	79	20.6%
Mono City, CA	141	102	2.4%
Mount Carmel, FL	141	91	9.0%
State Line City, IN	141	86	13.7%
Water Valley, KY	141	87	13.4%