Small Town1,986 people

Elk Creek, KY

Discover how far your salary goes in Elk Creek. Compare taxes, rent, and living costs.

Cost Index
83
💚 Very Affordable
Population

1,986

State Tax

4.5%

1BR Rent

$893

/month

vs National

-36%

below avg

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Rent Prices in Elk Creek

🏠

Studio

$714

/month

$8,568/year

Most Common
🛏️

1 Bedroom

$893

/month

$10,716/year

🏡

2 Bedroom

$1,205

/month

$14,460/year

🏘️

3 Bedroom

$1,562

/month

$18,744/year

Taxes in Kentucky

State Income Tax

Kentucky

4.5%

For a $100k salary, that's ~$4,500/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Elk Creek, KY?

Elk Creek has a cost of living index of 83, which is 17% below the national average. A 1-bedroom apartment costs around $893/month.

What is the state income tax in Kentucky?

Kentucky has a state income tax rate of approximately 4.5%. This is in addition to federal income tax.

How much is rent in Elk Creek?

The median rent for a 1-bedroom apartment in Elk Creek is $893/month. For a 2-bedroom, expect to pay around $1,205/month. This is 36% below the national average.

Is Elk Creek a good place to live?

Elk Creek is a small town with a population of 1,986. The cost of living is very affordable, making it more affordable than average for the US.

See the complete picture for Elk Creek

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