Cost of Living in Prestonsburg, KY
Housing
The housing market plays a significant role in determining the cost of living in Prestonsburg, KY.
- Housing Index: 100 / 100
- Median Home Price is: $133,000
- Average Rent (2 BR Apartment): $1350 per month
- Average Rent (2 BR House): $1467 per month
Analyzing the data for Prestonsburg, KY, the median home price is an attractive 133000. However, both the housing index, as well as the average rents for a 2-bedroom apartment and house, are set at 0, suggesting a possible lack of rental market availability or updated data. This could indicate purchasing might be more favorable for buyers looking to settle in this area since there's potentially limited rental competition. However, it's important to further investigate local market conditions, job prospects, and community amenities before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Prestonsburg, 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 Prestonsburg, 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 Prestonsburg is a financially viable option for your relocation.