Cost of living in Morehead, Kentucky

Cost of living
compared to USA

the lowest

Cost of living
compared to Kentucky

low

Median household
income

the lowest

Is it expensive to live in Morehead, Kentucky? When calculating the cost of living in Morehead, Kentucky we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Morehead, Kentucky is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Kentucky, while median household income in Morehead is $38,246 which is the lowest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Kentucky.

Taxes in Morehead, Kentucky

The sales tax rate in Morehead, Kentucky is 6.0%. Last year, the average property taxes paid was 0.7% Morehead, Kentucky.

The state income tax in the state of Kentucky is 4.50%.

Housing costs in Morehead, Kentucky

The average cost of
a single-family home
compated to USA

low

The average cost of
a single-family home
compated to Kentucky

moderate

In Morehead, Kentucky, 31.0% of the population owns their homes, while approximately 69.0% rent. The average cost of a single-family home in Morehead, Kentucky in 2022 is $165,385 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Kentucky. The average one-bedroom apartment cost is approximately $560 per month.

Rental Size	Monthly Cost	Compared to Kentucky
1 Bedroom	$560	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$740	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$990	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,000	the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest