Cost of Living in Farmington, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
57.1
100 = national avg
-42.9 vs national average
Living Wage (1 Adult)
$25,118
per year
Living Wage (Family of 4)
$59,371
per year
Cost Index by Category
Housing37.4
Food74.6
Transportation68.3
Healthcare79.7
Utilities72.2
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 Farmington is 57.1, which is 42.9% below the national average. Housing costs are below the national average at an index of 37.4. A single adult needs to earn approximately $25,118 per year to cover basic expenses.