Cost of Living in Murray, KY
Housing
The housing market plays a significant role in determining the cost of living in Murray, KY.
- Housing Index: 90.0 / 100
- Median Home Price is: $165000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
In Murray, KY, the housing index sits at 90.0, indicating affordability compared to national averages. With a median home price of 165000, owning a home could be a practical investment. The average rent for a 2-bedroom apartment is 1200, while a similar house averages 1300. This suggests that leasing could be comparatively close to purchasing, depending on your long-term plans. Overall, Murray offers appealing options for potential residents looking for budget-friendly housing without compromising on quality living.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Murray, 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 Murray, 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 Murray is a financially viable option for your relocation.