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: $161000
• 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 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: 90.5

Median Income

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

• Median Income: $46984

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 Paducah, 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.