Cost of Living in Harrodsburg, KY

Housing

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

• Housing Index: 95.0 / 100
• Median Home Price is: $150000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1225 per month

In Harrodsburg, KY, the housing index is currently at 95.0. With a median home price of 150000, purchasing a home seems more affordable compared to other areas. The average rent for a 2-bedroom apartment is 1200, whereas renting a 2-bedroom house averages 1225. Considering the housing index is below the national average, it suggests a favorable market for homebuyers or renters alike, making this city an attractive option for relocation. As real estate markets fluctuate, investing here now could yield better long-term benefits.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Harrodsburg, 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 Harrodsburg, 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: 98.3

Median Income

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

• Median Income: $49293

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 Harrodsburg, 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.