Cost of Living in Erlanger, KY
Housing
The housing market plays a significant role in determining the cost of living in Erlanger, KY.
- Housing Index: 112.0 / 100
- Median Home Price is: $231,000
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1440 per month
When considering a move to Erlanger, KY, the housing market reveals a housing index of 112.0. With a median home price of 231000, homebuying remains accessible, while average rents for a 2-bedroom apartment and house stand at 1400 and 1440 respectively. While rents are modest, evaluate local job opportunities and cost of living to measure overall affordability. As cities evolve, investing in real estate can also lead to increased equity over time, so consider these factors in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Erlanger, 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 Erlanger, 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 Erlanger is a financially viable option for your relocation.