Cost of Living in Morehead, KY
Housing
The housing market plays a significant role in determining the cost of living in Morehead, KY.
- Housing Index: Data is updating
- Median Home Price is: $151,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering moving to Morehead, KY? The current housing index is surprisingly at 0.0, indicating possible fluctuations or market instability. With a median home price of 151000, purchasing a property could be an attractive option if you seek long-term investment. However, it’s worth noting that the average rent for both a 2-bedroom apartment and a 2-bedroom house are currently listed as 0.0 and 0.0, which suggests a lack of availability. Researching local amenities and employment opportunities will aid in making a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Morehead, 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.): Data is updating
Living in Morehead, 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 data unavailable 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 Morehead is a financially viable option for your relocation.