Cost of Living in Elkton, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.3
100 = national avg
-22.7 vs national average
Living Wage (1 Adult)
$34,000
per year
Living Wage (Family of 4)
$80,364
per year
Cost Index by Category
Housing75.3
Food84.7
Transportation69.4
Healthcare87.8
Utilities85.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$700
per month
2 Bedroom
$918
per month
The overall cost of living index in Elkton is 77.3, which is 22.7% below the national average. Housing costs are below the national average at an index of 75.3. A single adult needs to earn approximately $34,000 per year to cover basic expenses.