Cost of Living in Allen, KY

With a cost of living index of 86, Allen, KY is a very affordable place to live. Living here is 14% cheaper than the national average and 7% above the Kentucky state average of 78. Allen is a small community of 157 residents.

The median household income in Allen is $33,036, which is 56% lower than the national median of $75,149. Residents spend roughly 34% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.