Cost of Living in Goshen, KY
Housing
The housing market plays a significant role in determining the cost of living in Goshen, KY.
- Housing Index: 100 / 100
- Median Home Price is: $360,000
- Average Rent (2 BR Apartment): $1350 per month
- Average Rent (2 BR House): $1467 per month
Based on the provided data for Goshen, KY, the housing indices indicate a current market situation where housing options may be nonexistent or unstable, evident from the zero values for both average rents and housing index. The median home price stands at 360000, suggesting a potential entry point into homeownership despite limited rental options. It's important to consider factors such as local employment opportunities and amenities. Researching additional information about the real estate dynamics in this area could provide better insight into whether this environment aligns with your financial and lifestyle goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Goshen, 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.): $225 per month
Living in Goshen, 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 $225 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 Goshen is a financially viable option for your relocation.