Cost of Living in Providence, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.4
100 = national avg
-25.6 vs national average
Living Wage (1 Adult)
$32,755
per year
Living Wage (Family of 4)
$77,421
per year
Cost Index by Category
Housing53.4
Food90.7
Transportation81.3
Healthcare92.5
Utilities85.1
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 Providence is 74.4, which is 25.6% below the national average. Housing costs are below the national average at an index of 53.4. A single adult needs to earn approximately $32,755 per year to cover basic expenses.