Oak Grove, KY Cost Of Living
Cost Of Living In Oak Grove, KY Summary
Cost of living in Oak Grove 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 Oak Grove 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 Oak Grove is 89, with 100 being the average.
The cost of living index in Oak Grove is 0.9x lower than the national average.
Oak Grove ranks as the #35 cheapest in Kentucky out of 85.
Oak Grove ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Oak Grove is $116,100.
The median income in Oak Grove is $37,297.
Table Of Contents
Oak Grove's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Oak Grove, KY?
According to the most recent data on the cost of living, Oak Grove has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Kentucky, Oak Grove has a cost of living index that's 0.9x lower than Kentucky's index of 94.
The standard of living in Oak Grove ranks as #35 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Oak Grove ranks as the #50 most expensive place in the Bluegrass State.
For more reading on life in Oak Grove, check out:
- Living In Oak Grove
- Oak Grove Crime Report
- Search Homes For Sale In Oak Grove, KY
In Kentucky
In America
Oak Grove Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Oak Grove. Here is how it fairs on each of the criteria:
The Services index in Oak Grove is 99.
The Groceries index in Oak Grove is 88.
The Health index in Oak Grove is 87.
The Housing index in Oak Grove is 66.
The Transportation index in Oak Grove is 101.
The Utilities index in Oak Grove is 106.
| Living Expense | Oak Grove | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 89 | 94 | 100 | |
| Services | 99 | 105 | 100 | |
| Groceries | 88 | 97 | 100 | |
| Health | 87 | 79 | 100 | |
| Housing | 66 | 75 | 100 | |
| Transportation | 101 | 102 | 100 | |
| Utilities | 106 | 106 | 100 | |
Oak Grove, 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 Oak Grove is $116,100.
The Median Rent in Oak Grove is $957.
The Median Income in Oak Grove is $37,297.
The Home Value To Income in Oak Grove is 3.1x.
The Rent To Monthly Income in Oak Grove is 0.31x.
| Statistic | Oak Grove | Kentucky | United States |
|---|---|---|---|
| Median Home Value | $116,100 | $155,100 | $244,900 |
| Median Rent | $957 | $826 | $1,163 |
| Median Income | $37,297 | $55,454 | $69,021 |
| Home Value To Income | 3.1x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.31x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Oak Grove, KY Costs By Category
Detailed Oak Grove Services Costs Vs. Kentucky
Detailed Oak Grove Groceries Costs Vs. Kentucky
Detailed Oak Grove Health Costs Vs. Kentucky
Detailed Oak Grove Transportation Costs Vs. Kentucky
Detailed Oak Grove Utilities Costs Vs. Kentucky
Oak Grove SnackAbility
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Cost Of Living In Cities Around Oak Grove
The cost of living varies in the cities and towns around Oak Grove. Here's a quick look at the cost of living in the most populous nearby places:
Clarksville, TN has a cost of living index of 93, 1.0x Oak Grove.
Hopkinsville, KY has a cost of living index of 85, 1.0x Oak Grove.
Central, LA has a cost of living index of 96, 1.1x Oak Grove.
| City | Population | Cost Of Living | Vs. Oak Grove |
|---|---|---|---|
| Clarksville, TN | 163,518 | 93 | 1.0x |
| Hopkinsville, KY | 30,771 | 85 | 1.0x |
| Central, LA | 29,746 | 96 | 1.1x |
| Madisonville, KY | 19,533 | 86 | 1.0x |
| Goodlettsville, TN | 17,522 | 99 | 1.1x |
| Fort Campbell North, KY | 13,323 | 105 | 1.2x |
| White House, TN | 12,820 | 95 | 1.1x |
| Greenbrier, TN | 6,845 | 89 | 1.0x |
| Princeton, KY | 6,206 | 86 | 1.0x |
| Millersville, TN | 6,099 | 93 | 1.0x |
