Cost of Living in Beaver Dam, KY
Population 3,526 · Kentucky · Data vintage 2023
(100 = US avg)
Beaver Dam is a smaller Kentucky community of around 4000 residents, where median household incomes of $52,546 and housing costs ($156,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 11.4%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Beaver Dam is about 55 miles southeast of Evansville, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 21% higher than Evansville's $129,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Beaver Dam
The median home value in Beaver Dam is $155,800 — 49% below the national median of $305,000. Median rent runs $717/month, 45% lower than the national median of $1,314/month. The median household income of $52,546/year is 30% lower than the US median of $74,580. The local unemployment rate is 11.4%, above the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. Overall, Beaver Dam has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.
Beaver Dam has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Beaver Dam, KY?
Beaver Dam has a cost index of 52 (100 = national average). It is 48% below the national average.
What is average rent in Beaver Dam, KY?
The median gross rent in Beaver Dam is $717 per month based on 2023 Census data.
What is the average home price in Beaver Dam?
The median home value in Beaver Dam is $155,800 according to Zillow and Census data.
What is the median income in Beaver Dam?
The median household income in Beaver Dam is $52,546 per year (2023 ACS 5-year estimates).
What is the sales tax in Beaver Dam, KY?
The combined state and local sales tax rate in Beaver Dam is 6.0%. The Kentucky state income tax top rate is 4.0%.
Is Beaver Dam, KY affordable?
Yes, Beaver Dam is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.
Beaver Dam at a Glance
- Population
- 3,526
- Median Income
- $52,546
- Home Value
- $155,800
- Median Rent
- $717/mo
- Unemployment
- 11.4%
- Sales Tax
- 6.0%
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Kentucky Rankings
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