Cost of Living in Pendleton, KY
Housing
The housing market plays a significant role in determining the cost of living in Pendleton, KY.
- Housing Index: 100 / 100
- Median Home Price is: $265,000
- Average Rent (2 BR Apartment): $1350 per month
- Average Rent (2 BR House): $1467 per month
In Pendleton, KY, the housing market shows a median home price of 265000. However, glaringly absent from the data are the housing index, along with average rent prices for both 2-bedroom apartments and houses, indicating a potential issue with the housing market’s stability or reliability. For buyers, this median home price may suggest opportunity, yet without adequate rental data, it’s challenging to determine long-term investment viability or rental market competitiveness. Consider researching the local economy and job market for a fuller picture before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pendleton, 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 Pendleton, 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 Pendleton is a financially viable option for your relocation.