Cost of Living in Fort thomas, KY

Housing

The housing market plays a significant role in determining the cost of living in Fort thomas, KY.

• Housing Index: 125.0 / 100
• Median Home Price is: $335000
• Average Rent (2 BR Apartment): $1500 per month
• Average Rent (2 BR House): $1600 per month

Considering moving to Fort thomas, KY? With a housing index of 125.0, the real estate market is somewhat elevated but may offer promising opportunities. The median home price sits at 335000, which reflects the overall demand for homes. Renting might be the right choice for you, especially since the average rent for a 2-bedroom apartment is 1500 and for a 2-bedroom house is 1600. It’s essential to evaluate these figures relative to local income levels and community amenities before making your decision. A well-rounded cost of living can enhance your overall quality of life.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fort thomas, 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.): $250 per month

Living in Fort thomas, 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 250 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 113.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $95391

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Fort thomas, KY, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.