Morehead, KY Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Morehead, KY Summary

Cost of living in Morehead 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 Morehead 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 Morehead is 90, with 100 being the average.

  • The cost of living index in Morehead is 0.9x lower than the national average.

  • Morehead ranks as the #41 cheapest in Kentucky out of 85.

  • Morehead ranks as the #1,633 cheapest out of 6,412 in the US.

  • The median home value in Morehead is $154,300.

  • The median income in Morehead is $33,409.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
90
Morehead's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Morehead, KY?

According to the most recent data on the cost of living, Morehead has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.

Compared to Kentucky, Morehead has a cost of living index that's 1.0x lower than Kentucky's index of 94.

The standard of living in Morehead ranks as #41 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Morehead ranks as the #44 most expensive place in the Bluegrass State.

For more reading on life in Morehead, check out:

41 out of 85
In Kentucky
1,633 out of 6,412
In America

Morehead Cost Of Living Vs. Kentucky

Six factors go into calculating the cost of living index in Morehead. Here is how it fairs on each of the criteria:

  • The Services index in Morehead is 100.

  • The Groceries index in Morehead is 90.

  • The Health index in Morehead is 81.

  • The Housing index in Morehead is 80.

  • The Transportation index in Morehead is 95.

  • The Utilities index in Morehead is 102.

Living Expense Morehead Kentucky National Average
Overall 90 94 100
Services 100 105 100
Groceries 90 97 100
Health 81 79 100
Housing 80 75 100
Transportation 95 102 100
Utilities 102 106 100
For more reading on cost of living around Kentucky, check out:
Morehead Cost of Living Vs. KY

Morehead, 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 Morehead is $154,300.

  • The Median Rent in Morehead is $696.

  • The Median Income in Morehead is $33,409.

  • The Home Value To Income in Morehead is 4.6x.

  • The Rent To Monthly Income in Morehead is 0.25x.

Statistic Morehead Kentucky United States
Median Home Value $154,300 $155,100 $244,900
Median Rent $696 $826 $1,163
Median Income $33,409 $55,454 $69,021
Home Value To Income 4.6x 2.8x 3.5x
Rent To Monthly Income 0.25x 0.18x 0.2x
Search Homes For Sale In Morehead, KY
$154,300
Median Home Value
$696
Median Rent
$33,409
Median Income

Morehead, KY Costs By Category

Detailed Morehead Services Costs Vs. Kentucky

Item Morehead Kentucky
Shampoo $0.94 $1.06
Movie $9.56 $10.68
Bowling $15.2 $14.67
Haircut $17.72 $18.62
Beauty Salon $37.9 $39.05

Detailed Morehead Groceries Costs Vs. Kentucky

Item Morehead Kentucky
Ground Beef $4.12 $4.22
Fried Chicken $1.11 $1.39
Milk $1.64 $2.05
Potatoes $2.9 $3.29
Pizza $10.33 $10.62
Beer $9.29 $9.38
Toothpaste $1.74 $2.34

Detailed Morehead Health Costs Vs. Kentucky

Item Morehead Kentucky
Optometrist $74.07 $108.57
Doctor $82.39 $116.17
Dentist $76.8 $99.13

Detailed Morehead Transportation Costs Vs. Kentucky

Item Morehead Kentucky
Gasoline $2.08 $2.22
Tire Balancing $44.57 $50.07

Detailed Morehead Utilities Costs Vs. Kentucky

Item Morehead Kentucky
All Electricity $157.57 $167.67
Phone $206.48 $175.64

Morehead SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
6
Affordability
4
Diversity
5
Safety
8
Amenities
7
Education
8
Commute
9.5

Cost Of Living In Cities Around Morehead

The cost of living varies in the cities and towns around Morehead. Here's a quick look at the cost of living in the most populous nearby places:

  • Ashland, KY has a cost of living index of 83, 0.9x Morehead.

  • Winchester, KY has a cost of living index of 89, 1.0x Morehead.

  • Ironton, OH has a cost of living index of 83, 0.9x Morehead.

City Population Cost Of Living Vs. Morehead
Ashland, KY 21,695 83 0.9x
Winchester, KY 18,993 89 1.0x
Ironton, OH 10,647 83 0.9x
Paris, KY 10,202 88 1.0x
Maysville, KY 8,851 86 1.0x
Flatwoods, KY 7,314 82 0.9x
Cynthiana, KY 6,291 86 1.0x

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