Cost of Living in Fulton, KY
Housing
The housing market plays a significant role in determining the cost of living in Fulton, KY.
- Housing Index: 85.0 / 100
- Median Home Price is: $134,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $850 per month
Looking at the housing data for Fulton, KY, the housing index stands at 85.0, indicating a relatively affordable market. The median home price of 134000 is appealing for first-time buyers or those looking to invest. Renting options are also budget-friendly, with the average rent for a 2-bedroom apartment at 800 and a house at 850. These figures suggest that Fulton offers a cost-effective environment for both buyers and renters, making it a favorable option for those planning to relocate, especially when comparing with national averages which tend to be higher.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fulton, 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 Fulton, 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 Fulton is a financially viable option for your relocation.