What is the cost of living in Somerset, KY?
According to the most recent data on the cost of living, Somerset has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Kentucky, Somerset has a cost of living index that's 1.0x lower than Kentucky's index of 89.
The standard of living in Somerset ranks as #6 most affordable out of the 85 places we measured in Kentucky. By definition, that implies Somerset ranks as the #79 most expensive place in the Bluegrass State.
For more reading on life in Somerset, check out:
Somerset Cost Of Living Vs. Kentucky
Six factors go into calculating the cost of living index in Somerset. Here is how it fares on each of the criteria:
The Services index in Somerset is 97.
The Groceries index in Somerset is 95.
The Health index in Somerset is 62.
The Housing index in Somerset is 99.
The Transportation index in Somerset is 94.
The Utilities index in Somerset is 94.
| Living Expense | Somerset | Kentucky | National Average |
|---|---|---|---|
| Overall | 85 | 89 | 100 |
| Services | 97 | 100 | 100 |
| Groceries | 95 | 98 | 100 |
| Health | 62 | 68 | 100 |
| Housing | 99 | 98 | 100 |
| Transportation | 94 | 95 | 100 |
| Utilities | 94 | 96 | 100 |
Somerset Cost Of Living Compared To Kentucky Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Kentucky, check out:
Protect your home budget Compare home warranties in Somerset Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Somerset, 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 2020-2024. The key points are:
The Median Home Value in Somerset is $191,314.
The Median Rent in Somerset is $775.
The Median Income in Somerset is $34,704.
The Home Value To Income in Somerset is 5.5x.
The Rent To Monthly Income in Somerset is 0.27x.
Somerset, KY Costs By Category
Detailed Somerset Services costs vs. Kentucky
Detailed Somerset Groceries costs vs. Kentucky
Detailed Somerset Health costs vs. Kentucky
Detailed Somerset Transportation costs vs. Kentucky
Somerset SnackAbility
Cost Of Living In Cities Around Somerset
The cost of living varies in the cities and towns around Somerset. Here's a quick look at the cost of living in the most populous nearby places:
Richmond, KY has a cost of living index of 91, 1.1x Somerset.
Danville, KY has a cost of living index of 91, 1.1x Somerset.
Berea, KY has a cost of living index of 92, 1.1x Somerset.
| City | Population | Cost Of Living | Vs. Somerset |
|---|---|---|---|
| Richmond, KY | 37,111 | 91 | 1.1x |
| Danville, KY | 17,327 | 91 | 1.1x |
| Berea, KY | 15,786 | 92 | 1.1x |
| Harrodsburg, KY | 9,313 | 87 | 1.0x |
| Corbin, KY | 8,246 | 88 | 1.0x |
| London, KY | 7,561 | 89 | 1.0x |
| Lebanon, KY | 6,430 | 86 | 1.0x |
| Monticello, KY | 5,753 | 84 | 1.0x |
| Williamsburg, KY | 5,270 | 81 | 1.0x |
