Cost of Living in Prestonsburg, KY
Population 3,823 · Kentucky · Data vintage 2023
(100 = US avg)
At $27,265, median household incomes in Prestonsburg land roughly 63% below the US median, a gap that tends to persist across local labor-market indicators. Around 44% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Geographically, Prestonsburg lies roughly 95 miles east of the nearest major metro, Lexington-Fayette urban county. Median home values run roughly 42% lower than Lexington-Fayette urban county's $272,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Prestonsburg
The median home value in Prestonsburg is $157,200 — 48% below the national median of $305,000. Median rent runs $456/month, 65% lower than the national median of $1,314/month. The median household income of $27,265/year is 63% lower than the US median of $74,580. The local unemployment rate is 15.4%, 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%. The climate averages highs of 66.7°F and lows of 47.6°F, with about 23.4" of annual snowfall. Overall, Prestonsburg has a cost of living index of 45 versus the US average of 100, meaning it is 55% less expensive.
Prestonsburg 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 44 | 49 | 58 | 69 | 76 | 82 | 85 | 84 | 79 | 69 | 57 | 48 |
| Low °F | 27 | 31 | 38 | 47 | 56 | 63 | 67 | 65 | 59 | 49 | 39 | 32 |
| Precip" | 3.96 | 4.06 | 4.71 | 4.54 | 5.17 | 5.25 | 5.10 | 4.26 | 3.42 | 3.45 | 3.50 | 4.47 |
| Snow" | 7.4 | 6.7 | 4.0 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.7 | 4.1 |
Frequently Asked Questions
What is the cost of living in Prestonsburg, KY?
Prestonsburg has a cost index of 45 (100 = national average). It is 55% below the national average.
What is average rent in Prestonsburg, KY?
The median gross rent in Prestonsburg is $456 per month based on 2023 Census data.
What is the average home price in Prestonsburg?
The median home value in Prestonsburg is $157,200 according to Zillow and Census data.
What is the median income in Prestonsburg?
The median household income in Prestonsburg is $27,265 per year (2023 ACS 5-year estimates).
What is the sales tax in Prestonsburg, KY?
The combined state and local sales tax rate in Prestonsburg is 6.0%. The Kentucky state income tax top rate is 4.0%.
Is Prestonsburg, KY affordable?
Yes, Prestonsburg is generally considered affordable, with a cost of living index of 45 — about 55% below the US national average of 100.
What is the weather like in Prestonsburg?
Prestonsburg has average high temperatures of 66.7°F and average lows of 47.6°F. Annual precipitation is 51.9". Average annual snowfall is 23.4". Data from NOAA 1991–2020 Climate Normals.
Prestonsburg at a Glance
- Population
- 3,823
- Median Income
- $27,265
- Home Value
- $157,200
- Median Rent
- $456/mo
- Unemployment
- 15.4%
- Avg High Temp
- 66.7°F
- Sales Tax
- 6.0%
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