Kentucky variant. This is a Kentucky-specific version of the Workers Comp Cost Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Workers Comp Cost Estimator.
Workers' compensation premiums in Kentucky are priced per $100 of payroll, by job classification. On a $60,183 salary at an illustrative $1.00 rate, the annual premium is about $602.
How Kentucky workers' comp is priced
Premium = (payroll ÷ 100) × class rate × experience modifier. Clerical roles carry low rates; construction and trucking carry much higher ones.
Kentucky sets its own rules and rates. The calculator above lets you enter your real payroll, class rate, and mod factor for an accurate Kentucky estimate.
About taxes and housing in Kentucky
Kentucky applies a flat individual income tax that the state has been gradually lowering.
Kentucky has below-average property taxes and some of the more affordable home prices in the country.
Kentucky's economy features bourbon distilling, horse breeding, automotive manufacturing, and coal in its eastern regions.
Worked example: $60,183 payroll
($60,183 ÷ 100) × $1.00 = $602/year at a sample clerical rate. A construction class rate of $8.00 would make it $4,815.
Quick reference
- State income tax: Flat 4.0% (decreasing toward 3.5%)
- State sales tax: 6% (plus 0.00% avg local)
- Median home value: $200,000
- Median household income: $60,183
- Effective property tax rate: 0.83%
- Avg auto insurance: $1,859/yr
Frequently Asked Questions
How is workers' comp calculated in Kentucky?
By payroll ÷ 100 × class rate × experience modifier, using Kentucky's approved rates.
Is workers' comp required in Kentucky?
Most Kentucky employers must carry coverage once they have employees; rules vary by industry and headcount.