Mayfield, KY Cost Of Living
Cost Of Living In Mayfield, KY Summary
Cost of living in Mayfield 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 Mayfield 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 Mayfield is 83, with 100 being the average.
The cost of living index in Mayfield is 0.8x lower than the national average.
Mayfield ranks as the #5 cheapest in Kentucky out of 84.
Mayfield ranks as the #306 cheapest out of 6,489 in the US.
The median home value in Mayfield is $155,164.
The median income in Mayfield is $41,458.
Table Of Contents
Mayfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mayfield, KY?
According to the most recent data on the cost of living, Mayfield has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Kentucky, Mayfield has a cost of living index that's 0.9x lower than Kentucky's index of 92.
The standard of living in Mayfield ranks as #5 most affordable out of the 84 places we measured in Kentucky. By definition, that implies Mayfield ranks as the #79 most expensive place in the Bluegrass State.
For more reading on life in Mayfield, check out:
In Kentucky
In America
Mayfield Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Mayfield. Here is how it fairs on each of the criteria:
The Services index in Mayfield is 94.
The Groceries index in Mayfield is 95.
The Health index in Mayfield is 85.
The Housing index in Mayfield is 59.
The Transportation index in Mayfield is 88.
The Utilities index in Mayfield is 85.
| Living Expense | Mayfield | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 94 | 101 | 100 | |
| Groceries | 95 | 99 | 100 | |
| Health | 85 | 85 | 100 | |
| Housing | 59 | 71 | 100 | |
| Transportation | 88 | 94 | 100 | |
| Utilities | 85 | 105 | 100 | |
Mayfield, 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 2019-2023. The key points are:
The Median Home Value in Mayfield is $155,164.
The Median Rent in Mayfield is $598.
The Median Income in Mayfield is $41,458.
The Home Value To Income in Mayfield is 3.7x.
The Rent To Monthly Income in Mayfield is 0.17x.
Median Home Value
Median Rent
Median Income
Mayfield, KY Costs By Category
Detailed Mayfield Services Costs Vs. Kentucky
Detailed Mayfield Groceries Costs Vs. Kentucky
Detailed Mayfield Health Costs Vs. Kentucky
Detailed Mayfield Transportation Costs Vs. Kentucky
Detailed Mayfield Utilities Costs Vs. Kentucky
Mayfield SnackAbility
/10
Cost Of Living In Cities Around Mayfield
The cost of living varies in the cities and towns around Mayfield. Here's a quick look at the cost of living in the most populous nearby places:
Paducah, KY has a cost of living index of 88, 1.1x Mayfield.
Murray, KY has a cost of living index of 87, 1.0x Mayfield.
Princeton, KY has a cost of living index of 87, 1.0x Mayfield.
| City | Population | Cost Of Living | Vs. Mayfield |
|---|---|---|---|
| Paducah, KY | 26,894 | 88 | 1.1x |
| Murray, KY | 17,888 | 87 | 1.0x |
| Princeton, KY | 6,242 | 87 | 1.0x |
| Metropolis, IL | 5,898 | 87 | 1.0x |
