Cost of Living in Loretto, KY
Housing
The housing market plays a significant role in determining the cost of living in Loretto, KY.
- Housing Index: Data is updating
- Median Home Price is: $175,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering moving to Loretto, KY? The housing index indicates a stable environment, although it currently stands at 0.0. The median home price of 175000 suggests an affordable entry point for homebuyers compared to national averages. However, the absence of data for average rent of a 2-bedroom apartment and house might imply limited rental availability. It's essential to explore local amenities, job market conditions, and lifestyle before diving into your decision, as these factors will also significantly impact your living experience in Loretto.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Loretto, 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 Loretto, 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 Loretto is a financially viable option for your relocation.