Cost of Living in Hodgenville, KY

Population 3,262 · Kentucky · Data vintage 2023

55
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Hodgenville a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $137,000. A poverty rate near 22% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Geographically, Hodgenville is about 40 miles south of Louisville/Jefferson County metro government (balance), the nearest large metro. Median home values run roughly 38% lower than Louisville/Jefferson County metro government (balance)'s $222,000.

Cost Overview

Housing 45
Rent 69

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

About the Cost of Living in Hodgenville

The median home value in Hodgenville is $137,100 — 55% below the national median of $305,000. Median rent runs $907/month, 31% lower than the national median of $1,314/month. The median household income of $58,750/year is 21% lower than the US median of $74,580. The local unemployment rate is 0.0%, 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, Hodgenville has a cost of living index of 55 versus the US average of 100, meaning it is 45% less expensive.

🏠 Housing

Median Home Value
$137,100
55% below avg
Zillow Home Value
$226,953
Zillow ZHVI
Median Rent
$907/mo
31% below avg
Price-to-Rent Ratio
12.6x
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 50.3%
Renter-occupied 49.7%

💰 Estimated Monthly Budget

Rent median rent
$907
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,521/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
30.7 min
14% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.4%

Commute Mode

Drove alone
79.8%
Carpooled
12.8%
Work from home
7.4%

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
$58,750
21% below avg
Per Capita Income
$24,475
Unemployment Rate
0.0%
100% below avg
Poverty Rate
22.3%
Labor Force Participation
54.9%

🎓 Education

Bachelor's degree+ 6.0%
Graduate degree 14.5%

👥 Demographics

Median Age 33.2
Male median age 33.6
Female median age 33

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
16.5:1
Student-teacher ratio
5
Public schools
2,426
Total enrollment

Frequently Asked Questions

What is the cost of living in Hodgenville, KY?

Hodgenville has a cost index of 55 (100 = national average). It is 45% below the national average.

What is average rent in Hodgenville, KY?

The median gross rent in Hodgenville is $907 per month based on 2023 Census data.

What is the average home price in Hodgenville?

The median home value in Hodgenville is $137,100 according to Zillow and Census data.

What is the median income in Hodgenville?

The median household income in Hodgenville is $58,750 per year (2023 ACS 5-year estimates).

What is the sales tax in Hodgenville, KY?

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

Is Hodgenville, KY affordable?

Yes, Hodgenville is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.

Hodgenville at a Glance

Population
3,262
Median Income
$58,750
Home Value
$137,100
Median Rent
$907/mo
Unemployment
0.0%
Sales Tax
6.0%
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