Cost of Living in Fort Knox, KY

Population 8,715 · Kentucky · Data vintage 2023

94
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Fort Knox sits on the smaller end of the Kentucky city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 10.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 25 miles southwest of Louisville/Jefferson County metro government (balance), Fort Knox falls within that metro's commuting orbit. Louisville/Jefferson County metro government (balance)'s typical home runs $222,000 for context.

Cost Overview

Rent 94

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fort Knox

Median rent runs $1,234/month, 6% lower than the national median of $1,314/month. The median household income of $74,224/year is equal to than the US median of $74,580. The local unemployment rate is 10.4%, 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, Fort Knox has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.

🏠 Housing

Median Rent
$1,234/mo
6% below avg
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$636
1 BR
$721
2 BR
$872
3 BR
$1,187
4 BR
$1,336
Owner-occupied 0.7%
Renter-occupied 99.3%

💰 Estimated Monthly Budget

Rent median rent
$1,234
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,848/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
13.9 min
49% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.4%

Commute Mode

Drove alone
70.0%
Carpooled
7.5%
Walked
17.9%
Bicycle
0.8%
Work from home
3.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.0%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$74,224
0% below avg
Per Capita Income
$30,794
Unemployment Rate
10.4%
117% above avg
Poverty Rate
8.0%
Labor Force Participation
81.2%

🎓 Education

Bachelor's degree+ 26.2%
Graduate degree 15.9%

👥 Demographics

Median Age 24.3
Male median age 23.4
Female median age 27.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 45 — Good
61.6%
Good air days/yr
151
Max AQI recorded
249
PM2.5 days
116
Ozone days

Frequently Asked Questions

What is the cost of living in Fort Knox, KY?

Fort Knox has a cost index of 94 (100 = national average). It is 6% below the national average.

What is average rent in Fort Knox, KY?

The median gross rent in Fort Knox is $1,234 per month based on 2023 Census data.

What is the median income in Fort Knox?

The median household income in Fort Knox is $74,224 per year (2023 ACS 5-year estimates).

What is the sales tax in Fort Knox, KY?

The combined state and local sales tax rate in Fort Knox is 6.0%. The Kentucky state income tax top rate is 4.0%.

Is Fort Knox, KY affordable?

Fort Knox is near the national average in terms of cost of living, with an index of 94 (100 = US average).