Cost of Living in Prospect, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
205.6
100 = national avg
+105.6 vs national average
Living Wage (1 Adult)
$90,485
per year
Living Wage (Family of 4)
$213,874
per year
Cost Index by Category
Housing188.9
Food181.7
Transportation263.5
Healthcare165.4
Utilities166.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,047
per month
2 Bedroom
$1,272
per month
The overall cost of living index in Prospect is 205.6, which is 105.6% above the national average. Housing costs are above the national average at an index of 188.9. A single adult needs to earn approximately $90,485 per year to cover basic expenses.