Skip to main content
LiveWhere us
Kentucky

Cost of living in Hancock County, KY

Estimated monthly cost
$2,876/mo
for a single person, all categories combined

Population 9,032 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $860 30%
Federal tax $516 18%
Healthcare $480 17%
Transport $320 11%
Groceries $312 11%
Energy $194 7%
State tax $139 5%
Water $55 2%

Rent in Hancock County

Fair Market Rents by bedroom count.

Studio
$854
per month
1 bedroom
$860
per month
2 bedroom
$1,128
per month
3 bedroom
$1,494
per month
4 bedroom
$1,496
per month

Source: HUD FMR FY2025

Income and earnings in Hancock County

Annual earnings figures from the Census ACS.

Household income
$66,836
per year
Individual earnings
$41,635
per year
Per capita
$31,417
per year

Source: ACS 2019-2023 5-Year.

Home values in Hancock County

Average values reported by homeowners.

Average home value
$137,600
Annual property tax
$935

Source: ACS 2019-2023 5-Year

Energy costs in Hancock County

Estimated monthly electricity and gas costs.

Electricity
$140
per month · 13.3¢/kWh
Natural gas
$54
per month
Annual total
$2,328
per year

Source: EIA

Healthcare in Hancock County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
3.9%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Hancock County

State and local tax rates for Kentucky.

State income tax
4.0%
Flat rate
State sales tax
6.0%
Combined sales tax
6.0%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Hancock County

Commute patterns and estimated costs.

Average commute
25.6 min
Drive alone
85.3%
Public transit
0.0%
Work from home
3.1%

Source: ACS

Monthly cost estimates for Hancock County

What it costs to live in Hancock County each month.

Single person
$2,876
per month
  • Rent $860
  • Energy $194
  • Water $55
  • Groceries $312
  • Transport $320
  • Healthcare $480
  • Federal tax $516
  • State tax $139
Couple
$4,214
per month
  • Rent $1,128
  • Energy $233
  • Water $65
  • Groceries $517
  • Transport $420
  • Healthcare $864
  • Federal tax $764
  • State tax $223
Family
$6,701
per month
  • Rent $1,494
  • Energy $291
  • Water $75
  • Groceries $784
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $764
  • State tax $223

Frequently asked questions about Hancock County

Common questions about cost of living, rent and salary.

What is the average rent in Hancock County?

In Hancock County, KY, a one-bedroom apartment averages $860 per month, a two-bedroom averages $1,128 per month, a three-bedroom averages $1,494 per month, according to HUD Fair Market Rent data.

What is the average salary in Hancock County?

In Hancock County, KY, the average household income is $66,836 per year and individual earnings for full-time workers average $41,635 per year, according to U.S. Census Bureau data.

What is the cost of living in Hancock County?

The estimated cost of living in Hancock County, KY is approximately $2,876 per month for a single person, $4,214 for a couple, $6,701 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Hancock County?

The combined sales tax rate in Hancock County, KY is 6.00%, which includes the Kentucky state rate of 6.00% plus an average local rate of 0.00%.

Is Hancock County an affordable place to live?

Based on the data, a single person in Hancock County, KY would need approximately $2,876 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $66,836 per year ($5,570 per month). Hancock County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Hancock County?

The ACA marketplace benchmark premium in Hancock County, KY is approximately $480 per month for an individual. Approximately 3.9% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Hancock County?

The average home value in Hancock County, KY is $137,600, with average annual property taxes of $935, according to U.S. Census Bureau data.

How does Hancock County compare to other areas?

You can compare Hancock County, KY with any other US county using our comparison tool at /compare. Hancock County is in Kentucky.

Other counties in Kentucky

Browse the full list of counties in Kentucky, ranked by cost of living.

See all counties in Kentucky

Compare Hancock County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources