Cost of Living in Water Valley, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
61.8
100 = national avg
-38.2 vs national average
Living Wage (1 Adult)
$27,182
per year
Living Wage (Family of 4)
$64,248
per year
Cost Index by Category
Housing30.8
Transportation122.5
Utilities79.2
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 Water Valley is 61.8, which is 38.2% below the national average. Housing costs are below the national average at an index of 30.8. A single adult needs to earn approximately $27,182 per year to cover basic expenses.