Flatwoods, KY Cost Of Living
Cost Of Living In Flatwoods, KY Summary
Cost of living in Flatwoods research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Flatwoods is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kentucky, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Flatwoods is 82, with 100 being the average.
The cost of living index in Flatwoods is 0.8x lower than the national average.
Flatwoods ranks as the #6 cheapest in Kentucky out of 85.
Flatwoods ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Flatwoods is $100,200.
The median income in Flatwoods is $54,673.
Table Of Contents
Flatwoods's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Flatwoods, KY?
According to the most recent data on the cost of living, Flatwoods has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Kentucky, Flatwoods has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Flatwoods ranks as #6 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Flatwoods ranks as the #79 most expensive place in the Bluegrass State.
For more reading on life in Flatwoods, check out:
- Living In Flatwoods
- Flatwoods Crime Report
- Search Homes For Sale In Flatwoods, KY
In Kentucky
In America
Flatwoods Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Flatwoods. Here is how it fairs on each of the criteria:
The Services index in Flatwoods is 93.
The Groceries index in Flatwoods is 99.
The Health index in Flatwoods is 93.
The Housing index in Flatwoods is 58.
The Transportation index in Flatwoods is 100.
The Utilities index in Flatwoods is 86.
| Living Expense | Flatwoods | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 82 | 94 | 100 | |
| Services | 93 | 105 | 100 | |
| Groceries | 99 | 97 | 100 | |
| Health | 93 | 79 | 100 | |
| Housing | 58 | 75 | 100 | |
| Transportation | 100 | 102 | 100 | |
| Utilities | 86 | 106 | 100 | |
Flatwoods, KY Housing Cost Breakdown
Housing swings affordability the most between places in Kentucky, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Flatwoods is $100,200.
The Median Rent in Flatwoods is $846.
The Median Income in Flatwoods is $54,673.
The Home Value To Income in Flatwoods is 1.8x.
The Rent To Monthly Income in Flatwoods is 0.19x.
| Statistic | Flatwoods | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $100,200 | $155,100 | $244,900 |
| Median Rent | $846 | $826 | $1,163 |
| Median Income | $54,673 | $55,454 | $69,021 |
| Home Value To Income | 1.8x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Flatwoods, KY Costs By Category
Detailed Flatwoods Services Costs Vs. Kentucky
Detailed Flatwoods Groceries Costs Vs. Kentucky
Detailed Flatwoods Health Costs Vs. Kentucky
Detailed Flatwoods Transportation Costs Vs. Kentucky
Detailed Flatwoods Utilities Costs Vs. Kentucky
Flatwoods SnackAbility
/10
Cost Of Living In Cities Around Flatwoods
The cost of living varies in the cities and towns around Flatwoods. Here's a quick look at the cost of living in the most populous nearby places:
Huntington, WV has a cost of living index of 84, 1.0x Flatwoods.
Ashland, KY has a cost of living index of 83, 1.0x Flatwoods.
Ironton, OH has a cost of living index of 83, 1.0x Flatwoods.
| City | Population | Cost Of Living | Vs. Flatwoods |
|---|---|---|---|
| Huntington, WV | 46,923 | 84 | 1.0x |
| Ashland, KY | 21,695 | 83 | 1.0x |
| Ironton, OH | 10,647 | 83 | 1.0x |
| Wheelersburg, OH | 6,349 | 87 | 1.1x |
