B
Overall 14%
Goods & Services 6%
Housing 53%
Find Homes Find Rentals
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.
IndexWest PointKentuckyNational
Cost of living8691100
Goods & Services106103100
Groceries9492100
Health care8781100
Housing4770100
Transportation111103100
Utilities103105100

Key findings

  • The cost of living in West Point is 5% lower than the Kentucky average
  • The cost of living in West Point is 14% lower than the national average
  • West Point housing is 53% 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

Most Affordable Places to Live in and Around West Point

See all the best places to live around West Point

Compare West Point, KY Cost of Living

      vs
      How would you rate the cost of living in West Point?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in West Point?
      Write a review to give others more information about this area.
      See all West Point poll results

      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$40,625$3,385$948$1,219
      Renters$28,250$2,354$659$848

      Kentucky Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Kentucky6%6%

      Kentucky Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Kentucky5%5%

      Goods & Services

      ItemWest PointNational avg.Difference
      Haircut $17.10$20.2715.7%
      Beauty Salon $81.11$40.39100.8%
      Toothpaste $2.53$2.367.2%
      Shampoo $0.91$1.0815.8%
      Movie $12.02$10.999.4%
      Bowling $18.78$15.4921.2%

      Groceries

      ItemWest PointNational avg.Difference
      Ground Beef $4.59$4.306.8%
      Fried Chicken $1.15$1.4017.6%
      Milk $1.41$2.2036.1%
      Potatoes $3.20$3.220.6%
      Pizza $10.66$10.740.8%
      Beer $8.88$9.607.5%

      Health Care

      ItemWest PointNational avg.Difference
      Optometrist $66.11$109.7339.8%
      Doctor $91.67$118.3422.5%
      Dentist $87.78$100.9413.0%
      Ibuprofen $9.73$9.932.1%
      Lipitor $499.47$469.536.4%

      Housing

      ItemWest PointNational avg.Difference
      Home Price $67,100.00$184,700.0063.7%
      Avg. Mortgage Payment $921.39$1,229.6225.1%
      Apartment Rent $675.00$949.0028.9%

      Transportation

      ItemWest PointNational avg.Difference
      Gasoline $2.80$2.713.4%
      Tire Balancing $63.77$51.8623.0%

      Utilities

      ItemWest PointNational avg.Difference
      All Electricity$184.10$170.847.8%
      Phone $183.02$187.182.2%
      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.
      South Park View, KY21033.0%
      New Middletown, IN318515.2%
      Ekron, KY2148515.2%
      Mauckport, IN628613.5%
      Muldraugh, KY1,2408713.0%
      West Point, KY9308613.9%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Oak Grove Heights, AR9308911.1%
      Meriden, KS9307920.6%
      Brooks, OR9301022.0%
      Très-Saint-Rédempteur, QC930n/a 
      Cherry Valley, AR9298217.9%
      West Point, KY9308613.9%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.