Cost of Living in Harrodsburg, KY

Population 9,126 · Kentucky · Data vintage 2023

51
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $46,821, median household incomes in Harrodsburg land roughly 37% below the US median, a gap that tends to persist across local labor-market indicators. An unemployment rate of 2.2% points to a labor market well on the tight side of the national distribution.

Located 30 miles southwest of Lexington-Fayette urban county, Harrodsburg falls within that metro's commuting orbit. Median home values run roughly 47% lower than Lexington-Fayette urban county's $272,000.

Cost Overview

Housing 48
Rent 56

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

About the Cost of Living in Harrodsburg

The median home value in Harrodsburg is $145,100 — 52% below the national median of $305,000. Median rent runs $738/month, 44% lower than the national median of $1,314/month. The median household income of $46,821/year is 37% lower than the US median of $74,580. The local unemployment rate is 2.2%, below 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, Harrodsburg has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.

🏠 Housing

Median Home Value
$145,100
52% below avg
Zillow Home Value
$235,343
Zillow ZHVI
Median Rent
$738/mo
44% below avg
Zillow Rent
$1,033/mo
Zillow ZORI
Price-to-Rent Ratio
16.4x
Favors buying
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 62.1%
Renter-occupied 37.9%

💰 Estimated Monthly Budget

Rent median rent
$738
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,352/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
23.2 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.6%

Commute Mode

Drove alone
76.0%
Carpooled
14.4%
Work from home
8.6%

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
$46,821
37% below avg
Per Capita Income
$27,591
Unemployment Rate
2.2%
54% below avg
Poverty Rate
15.8%
Labor Force Participation
62.4%

🎓 Education

Bachelor's degree+ 11.7%
Graduate degree 6.9%

👥 Demographics

Median Age 37.6
Male median age 33.5
Female median age 40.6

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
16.2:1
Student-teacher ratio
6
Public schools
2,822
Total enrollment

Frequently Asked Questions

What is the cost of living in Harrodsburg, KY?

Harrodsburg has a cost index of 51 (100 = national average). It is 49% below the national average.

What is average rent in Harrodsburg, KY?

The median gross rent in Harrodsburg is $738 per month based on 2023 Census data.

What is the average home price in Harrodsburg?

The median home value in Harrodsburg is $145,100 according to Zillow and Census data.

What is the median income in Harrodsburg?

The median household income in Harrodsburg is $46,821 per year (2023 ACS 5-year estimates).

What is the sales tax in Harrodsburg, KY?

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

Is Harrodsburg, KY affordable?

Yes, Harrodsburg is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.