Cost of Living in Burlington, KY
Housing
The housing market plays a significant role in determining the cost of living in Burlington, KY.
- Housing Index: 110.0 / 100
- Median Home Price is: $270,000
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1446 per month
When considering a move to Burlington, KY, the housing market displays a housing index of 110.0. The median home price stands at 270000, which may appeal to buyers seeking stability in investment, especially if property values in the area appreciate over time. For renters, the average monthly rent for a 2-bedroom apartment is 1400, while a house rents for slightly higher at 1446. These costs align closely with national averages, indicating a relatively affordable market for both buyers and renters within Burlington. Take into account employment opportunities and amenities in the area to make the most informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Burlington, KY.
- Electricity Price: $12.87 USD (median by state)
- Natural Gas Price: $22.78 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Burlington, KY could entail higher utility costs. Electricity costs sit at $12.87, while natural gas is priced at $22.78 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Burlington is a financially viable option for your relocation.