Cost of Living in Prestonville, KY

With a cost of living index of 64, Prestonville, KY is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 14% below the Kentucky state average of 78. Prestonville is a small community of 193 residents.

Housing costs are the biggest factor in Prestonville's cost of living. The median monthly rent is $850 (36% below the US median of $1,319), and the median home value sits at $75,300 (75% below the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Prestonville is $17,315, which is 77% lower than the national median of $75,149. Residents spend roughly 59% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. 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.