Financial Profile: Kentucky
Financial landscape, tax rates, cost of living, and median income scoring for Kentucky residents.
Kentucky at a Glance
Avg Salary
$50,000
Cost of Living
90
Top Tax Rate
4.0%
Adjusted Income
$55,555
Monthly Take-Home
$3,347
Max Rent (30%)
$1,250
Financial Genome at Median Income
Scores calculated for someone earning $50,000/yr in Kentucky with typical expenses.
PPI
40
C
FPI
25
F
LRS
56
C+
REW
30
D
Living in Kentucky: Financial Overview
Kentucky has a flat 4% state income tax. Many cities and counties also levy local taxes.
- Flat 4% state tax
- Low cost of living
- Significant local taxes
Major Cities
Louisville, Lexington, Bowling Green, Owensboro
With a cost of living index of 90 (below the national average of 100), your dollar goes further in Kentucky. A $60,000 salary here has the purchasing power equivalent of $66,666 in an average-cost area.
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