Cost of Living in Williamstown, KY
Housing
The housing market plays a significant role in determining the cost of living in Williamstown, KY.
- Housing Index: 90.0 / 100
- Median Home Price is: $235,000
- Average Rent (2 BR Apartment): $960 per month
- Average Rent (2 BR House): $0 per month
Analyzing the housing market in Williamstown, KY, we see a housing index of 90.0 indicating relatively affordable options compared to national trends. The median home price is at 235000, making homeownership attainable for many. However, the average rent for a 2-bedroom apartment stands at 960, which is quite competitive. Interestingly, there’s no listed average rent for a 2-bedroom house, suggesting a possible market gap. Comparing these factors can guide your decision on whether to rent or buy in this promising area. Consider long-term growth and neighborhood factors as you decide!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Williamstown, 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 Williamstown, 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 Williamstown is a financially viable option for your relocation.