Cost of Living in Independence, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
129.3
100 = national avg
+29.3 vs national average
Living Wage (1 Adult)
$56,893
per year
Living Wage (Family of 4)
$134,475
per year
Cost Index by Category
Housing128.6
Food125.4
Transportation124.9
Healthcare120.3
Utilities121.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,051
per month
2 Bedroom
$1,353
per month
The overall cost of living index in Independence is 129.3, which is 29.3% above the national average. Housing costs are above the national average at an index of 128.6. A single adult needs to earn approximately $56,893 per year to cover basic expenses.