Cost of Living in Madisonville, KY
Housing
The housing market plays a significant role in determining the cost of living in Madisonville, KY.
- Housing Index: 80.0 / 100
- Median Home Price is: $159,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $850 per month
Considering a move to Madisonville, KY? With a housing index of 80.0, the market is relatively affordable. The median home price sits at 159000, making it accessible for many buyers, while rental options are competitively priced, with average rents at 800 for a 2-bedroom apartment and 850 for a house. Notably, housing costs in smaller cities often stand in stark contrast to urban centers, providing a savvy alternative for families or individuals seeking a lower cost of living without sacrificing community benefits. Take these insights into account while making your decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Madisonville, 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.): $200 per month
Living in Madisonville, 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 $200 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 Madisonville is a financially viable option for your relocation.