Cost of Living in Concord, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
76.3
100 = national avg
-23.7 vs national average
Living Wage (1 Adult)
$33,561
per year
Living Wage (Family of 4)
$79,326
per year
Cost Index by Category
Housing57.8
Food90.9
Transportation81.8
Healthcare92.7
Utilities86.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$660
per month
2 Bedroom
$866
per month
The overall cost of living index in Concord is 76.3, which is 23.7% below the national average. Housing costs are below the national average at an index of 57.8. A single adult needs to earn approximately $33,561 per year to cover basic expenses.