Cost of Living in Somerset, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.7
100 = national avg
-24.3 vs national average
Living Wage (1 Adult)
$33,324
per year
Living Wage (Family of 4)
$78,767
per year
Cost Index by Category
Housing81.3
Food75.2
Transportation82.0
Healthcare80.1
Utilities81.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$706
per month
2 Bedroom
$926
per month
The overall cost of living index in Somerset is 75.7, which is 24.3% below the national average. Housing costs are below the national average at an index of 81.3. A single adult needs to earn approximately $33,324 per year to cover basic expenses.