Cost Of Living in Mayfield, KY

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Mayfield	Kentucky	National
Cost of living	82	90	100
Goods & Services	94	101	100
Groceries	97	101	100
Health care	87	84	100
Housing	58	70	100
Transportation	89	92	100
Utilities	86	104	100

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Cost Of Living Quick Facts

The cost of living in Mayfield is 10% lower than the Kentucky average
The cost of living in Mayfield is 18% lower than the national average
Mayfield housing is 42% lower than the national average
Kentucky general sales tax is 18% higher than the national average
Kentucky state income tax is 73% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$51,875	$4,323	$1,210	$1,556
Renters	$18,854	$1,571	$440	$566

A good way to judge both the affordability of the housing and the cost of living in Mayfield is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mayfield has a median income of about $51,875 for people who own homes. Based on that number, a maximum of $1,210 should be spent on expenses related to housing. Renters have a slightly different median income, which is $18,854. Based on this average, renters should spend no more than $440 on all rental costs if they want to maintain a non-impoverished standard of living.

Kentucky Sales Tax

State	General Sales Tax	With Max Surtax
Kentucky	6%	6%

Kentucky Income Tax

State	Income Tax (Low)	Income Tax (High)
Kentucky	4.5%	4.5%

Goods & Services

Item	Mayfield	National avg.	Difference
Haircut	$24.01	$24.26	1.0%
Beauty Salon	$33.55	$45.56	26.4%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.08	$1.28	15.9%
Movie	$11.93	$12.13	1.7%
Bowling	$12.50	$18.00	30.6%

Groceries

Item	Mayfield	National avg.	Difference
Ground Beef	$5.94	$5.84	1.7%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.54	$4.67	2.8%
Potatoes	$5.03	$4.93	1.9%
Pizza	$12.00	$12.09	0.7%
Beer	$9.74	$10.41	6.5%

Health Care

Item	Mayfield	National avg.	Difference
Optometrist	$127.08	$125.68	1.1%
Doctor	$138.39	$135.78	1.9%
Dentist	$86.67	$113.29	23.5%
Ibuprofen	$10.10	$10.65	5.2%
Lipitor	$338.33	$468.60	27.8%

Housing

Item	Mayfield	National avg.	Difference
Home Price	$104,200.00	$184,700.00	43.6%
Avg. Mortgage Payment	$1,691.70	$2,346.69	27.9%
Apartment Rent	$588.00	$949.00	38.0%

Transportation

Item	Mayfield	National avg.	Difference
Gasoline	$3.15	$3.46	9.0%
Tire Balancing	$50.50	$59.92	15.7%

Utilities

Item	Mayfield	National avg.	Difference
All Electricity	$148.29	$193.99	23.6%
Phone	$192.18	$192.25	0.0%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Hickory, KY	256	92	8.0%
Pryorsburg, KY	228	72	27.8%
Lowes, KY	80	75	25.2%
Farmington, KY	119	75	24.7%
Cunningham, KY	294	77	23.3%
Mayfield, KY	9,823	82	18.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Carroll, IA	9,823	92	8.1%
Star, ID	9,819	115	15.5%
St. Augustine Shores, FL	9,818	106	6.3%
Fairmount, NY	9,817	97	3.0%
Malahide, ON	9,817	n/a
Mayfield, KY	9,823	82	18.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Mayfield, KY