Cost of Living in Paducah, KY
Housing
The housing market plays a significant role in determining the cost of living in Paducah, KY.
- Housing Index: 85.0 / 100
- Median Home Price is: $161,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $1000 per month
Considering the data for Paducah, KY, the housing index is relatively affordable at 85.0, indicating a lower cost of living. The median home price of 161000 opens doors for first-time buyers, while rents for a 2BR apartment average 800 and a house is around 1000. These figures suggest a welcoming environment for families and individuals seeking value. Additionally, keep in mind the local amenities and community aspects that greatly contribute to your overall satisfaction when moving to a new location.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Paducah, 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.): $250 per month
Living in Paducah, 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 $250 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 Paducah is a financially viable option for your relocation.