What Is the Average Cost of Living in Kentucky?

The cost of living in Kentucky is 8% lower than the national average, though it can be comparable in urban areas such as Lexington and Louisville. Assess median salaries, living expenses, and family size to explore where your money will go, as each of these numbers impacts how affordable buying a house is for families and individuals and what they can afford.

At HomeServices Real Estate Academy, we offer courses that can prepare you for a career in real estate so you can connect people with their dream homes and make a living at the same time.

Living Expenses in Kentucky

Living expenses include rent or mortgage, groceries, utilities, gas, health insurance, and streaming services. These things vary significantly depending on whether you live in an urban, suburban, or rural area. They also differ from city to city, with the highest expenses in the Lexington, KY, area, even though they’re still significantly lower than the national average.

The average cost of living in Kentucky is $40,816 per year or $3,401 per month. For couples, living expenses increase to around $65,000 per year. To live comfortably, the average cost of living for a family of four increases to $100,000 annually.

Average Salary in Kentucky

According to the Bureau of Labor Statistics, the median annual salary for all occupations in Kentucky was $54,030 annually in May 2023. If you are single, you have a sizeable amount of money to save and invest in your future. It also allows you to buy a home. For families, this could require balancing whether it’s a better investment for one parent to stay home, work from home with flexible hours, or work part-time until kids are in school.

How HomeServices Real Estate Academy Can Help You

At HomeServices Real Estate Academy, we offer a Kentucky real estate pre-licensure course that prepares you to pass the licensure exam and obtain a career in the real estate industry. Typically, the course takes 12 weeks to complete, but some options take as little as two weeks. This course can prepare you for a career in property management or as a real estate agent. Most real estate agents and brokers report high flexibility in their jobs.

Contact us for Real Estate Courses

If you dream of a career in real estate, you can prepare for the future in just a few weeks at HomeServices Real Estate Academy. Our online and in-person courses provide you with everything you need to know to pass your real estate exam and get started as an agent. You can enjoy an excellent career and pair families with homes that they can afford.

Fill out our online contact form, call us for more information, or enroll in our course to pursue a challenging, engaging, and in-demand career. We proudly serve the areas surrounding Louisville and Lexington, KY, and New Albany, IN. Get started on a new and exciting career path today!