Cost of Living in Hickman, KY
Housing
The housing market plays a significant role in determining the cost of living in Hickman, KY.
- Housing Index: 85.0 / 100
- Median Home Price is: $162,000
- Average Rent (2 BR Apartment): $960 per month
- Average Rent (2 BR House): $1040 per month
When considering a move to Hickman, KY, the housing market appears to be relatively affordable with a housing index of 85.0, indicating moderate housing costs. The median home price of 162000 is below the national average, making homeownership accessible. Rental prices are also reasonable, with an average of 960 and 1040 for 2-bedroom accommodations. This may attract families and young professionals alike. Additionally, it's worth noting that lower costs could provide more disposable income for lifestyle activities, enhancing the overall living experience in Hickman.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hickman, 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.): $180 per month
Living in Hickman, 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 $180 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 Hickman is a financially viable option for your relocation.