Cost of Living in Gray, KY
Housing
The housing market plays a significant role in determining the cost of living in Gray, KY.
- Housing Index: 100 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1350 per month
- Average Rent (2 BR House): $1467 per month
Considering a move to Gray, KY? The current housing index stands at 100, referencing a potential absence of widespread data on rental prices, likely indicating favorable rental conditions. With a median home price of 150000, affordability could attract first-time buyers or those seeking to invest. Although both the average rent for a 2-bedroom apartment and house are currently undetermined, this may suggest a developing rental market. Overall, Gray appears to be a potentially budget-friendly choice for housing seekers, with room for rental options to grow over time.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gray, 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 Gray, 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 Gray is a financially viable option for your relocation.