Cost of Living in Russellville, KY
Housing
The housing market plays a significant role in determining the cost of living in Russellville, KY.
- Housing Index: 85.0 / 100
- Median Home Price is: $166000
- Average Rent (2 BR Apartment): $1175 per month
- Average Rent (2 BR House): $1200 per month
Considering your analysis of Russellville, KY, the housing index of 85.0 reflects a moderately affordable market. With the median home price of 166000 and average rents of 1175 for a 2-bedroom apartment and 1200 for a 2-bedroom house, it indicates a balance between ownership and renting options. This suggests it could be a good time to buy if you're seeking stability, while renters still maintain reasonably priced choices. Additionally, keep an eye on local job market trends, as they can significantly influence future housing demand and pricing.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Russellville, 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 Russellville, 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 Russellville is a financially viable option for your relocation.