Cost of Living in Westport, KY

With a cost of living index of 85, Westport, KY is a very affordable place to live. Living here is 15% cheaper than the national average and 7% above the Kentucky state average of 78. Westport is a small community of 243 residents.

Housing costs are the biggest factor in Westport's cost of living. The median monthly rent is $893 (32% below the US median of $1,319), and the median home value sits at $311,300 (2% above the national median of $304,900). At current prices, the median home costs roughly 6.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Westport is $51,300, which is 32% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Louisville/Jefferson County, KY-IN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.