Cost of Living in Mayking, KY

With a cost of living index of 58, Mayking, KY is one of the most affordable cities in the country. Living here is 42% cheaper than the national average and 20% below the Kentucky state average of 78. Mayking is a small community of 645 residents.

Housing costs are the biggest factor in Mayking's cost of living. The median monthly rent is $676 (49% below the US median of $1,319), and the median home value sits at $71,500 (77% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Mayking is $29,198, which is 61% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.