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: $162000
• 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 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: 88.5

Median Income

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

• Median Income: $68589

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 Hickman, 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.