Cost of Living in Payneville, KY
Housing
The housing market plays a significant role in determining the cost of living in Payneville, KY.
- Housing Index: Data is updating
- Median Home Price is: $197,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Payneville, KY, the housing market indicators reveal a promising potential for homebuyers, with a median home price settling at an attractive 197000. This suggests that despite the current housing index of 0.0, opportunities may arise, allowing for favorable investments. However, both the average rent for a 2-bedroom apartment and house remain at zero, indicating a lack of rental properties or data. Without strong rental options, it's crucial to weigh the long-term benefits of purchasing versus renting in order to make informed real estate decisions in Payneville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Payneville, 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 Payneville, 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 Payneville is a financially viable option for your relocation.