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Kentucky

Cost of living in Magoffin County, KY

Estimated monthly cost
$2,572/mo
for a single person, all categories combined

Population 11,495 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $783 30%
Healthcare $480 19%
Federal tax $328 13%
Transport $320 12%
Groceries $312 12%
Energy $194 8%
State tax $100 4%
Water $55 2%

Rent in Magoffin County

Fair Market Rents by bedroom count.

Studio
$624
per month
1 bedroom
$783
per month
2 bedroom
$867
per month
3 bedroom
$1,097
per month
4 bedroom
$1,194
per month

Source: HUD FMR FY2025

Income and earnings in Magoffin County

Annual earnings figures from the Census ACS.

Household income
$33,632
per year
Individual earnings
$30,119
per year
Per capita
$20,024
per year

Source: ACS 2019-2023 5-Year.

Home values in Magoffin County

Average values reported by homeowners.

Average home value
$88,300
Annual property tax
$643

Source: ACS 2019-2023 5-Year

Energy costs in Magoffin 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 Magoffin County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
3.8%

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 Magoffin 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 Magoffin County

Commute patterns and estimated costs.

Average commute
32.2 min
Drive alone
79.0%
Public transit
0.3%
Work from home
1.5%

Source: ACS

Monthly cost estimates for Magoffin County

What it costs to live in Magoffin County each month.

Single person
$2,572
per month
  • Rent $783
  • Energy $194
  • Water $55
  • Groceries $312
  • Transport $320
  • Healthcare $480
  • Federal tax $328
  • State tax $100
Couple
$3,329
per month
  • Rent $867
  • Energy $233
  • Water $65
  • Groceries $517
  • Transport $420
  • Healthcare $864
  • Federal tax $251
  • State tax $112
Family
$5,680
per month
  • Rent $1,097
  • Energy $291
  • Water $75
  • Groceries $784
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $251
  • State tax $112

Frequently asked questions about Magoffin County

Common questions about cost of living, rent and salary.

What is the average rent in Magoffin County?

In Magoffin County, KY, a one-bedroom apartment averages $783 per month, a two-bedroom averages $867 per month, a three-bedroom averages $1,097 per month, according to HUD Fair Market Rent data.

What is the average salary in Magoffin County?

In Magoffin County, KY, the average household income is $33,632 per year and individual earnings for full-time workers average $30,119 per year, according to U.S. Census Bureau data.

What is the cost of living in Magoffin County?

The estimated cost of living in Magoffin County, KY is approximately $2,572 per month for a single person, $3,329 for a couple, $5,680 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Magoffin County?

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

Is Magoffin County an affordable place to live?

Based on the data, a single person in Magoffin County, KY would need approximately $2,572 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $33,632 per year ($2,803 per month). Magoffin County has a high cost of living relative to local earnings.

How much does healthcare cost in Magoffin County?

The ACA marketplace benchmark premium in Magoffin County, KY is approximately $480 per month for an individual. Approximately 3.8% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Magoffin County?

The average home value in Magoffin County, KY is $88,300, with average annual property taxes of $643, according to U.S. Census Bureau data.

How does Magoffin County compare to other areas?

You can compare Magoffin County, KY with any other US county using our comparison tool at /compare. Magoffin 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 Magoffin 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