Cost of Living in Drakesboro, KY
Housing
The housing market plays a significant role in determining the cost of living in Drakesboro, KY.
- Housing Index: Data is updating
- Median Home Price is: $74,700
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to Drakesboro, KY, the data indicates a concerning lack of available housing options, as shown by a housing index of 0.0 and average rentals for both a 2-bedroom apartment and house at 0.0 and 0.0 respectively. However, the median home price stands at a mere 74700, suggesting affordable homeownership potential. This scenario could appeal strongly to investors or first-time buyers who can take advantage of lower acquisition costs. Ensure to research the local community amenities and market trends for a holistic view before making decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Drakesboro, 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 Drakesboro, 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 Drakesboro is a financially viable option for your relocation.