Cost of Living in Princeton, KY
Housing
The housing market plays a significant role in determining the cost of living in Princeton, KY.
- Housing Index: 95.0 / 100
- Median Home Price is: $110,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $850 per month
Considering a move to Princeton, KY? With a housing index of 95.0, it's relatively affordable compared to many U.S. markets. The median home price stands at 110000, making homeownership attainable for first-time buyers. Renters will find competitive options, with average rents at 800 for a 2-bedroom apartment and 850 for a 2-bedroom house. This economic landscape often attracts young professionals and families seeking vibrant communities. Data suggests that investing here could yield positive long-term benefits given the overall affordability and potential for growth in housing demand.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Princeton, 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.): $200 per month
Living in Princeton, 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 $200 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 Princeton is a financially viable option for your relocation.