Cost of Living in Island, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.6
100 = national avg
-15.4 vs national average
Living Wage (1 Adult)
$37,225
per year
Living Wage (Family of 4)
$87,986
per year
Cost Index by Category
Housing71.8
Food87.4
Transportation116.6
Healthcare89.9
Utilities86.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$846
per month
2 Bedroom
$1,110
per month
The overall cost of living index in Island is 84.6, which is 15.4% below the national average. Housing costs are below the national average at an index of 71.8. A single adult needs to earn approximately $37,225 per year to cover basic expenses.