Cost of Living in Mount Olivet, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
65.4
100 = national avg
-34.6 vs national average
Living Wage (1 Adult)
$28,788
per year
Living Wage (Family of 4)
$68,044
per year
Cost Index by Category
Housing53.7
Food70.5
Transportation99.9
Healthcare76.4
Utilities73.0
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 Mount Olivet is 65.4, which is 34.6% below the national average. Housing costs are below the national average at an index of 53.7. A single adult needs to earn approximately $28,788 per year to cover basic expenses.