Housing costs in London?
A typical home costs
$153,300, which is 54.7% less expensive than the national average of
$338,100 and 21.1% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in London costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 21.1% cheaper than the state average of
$920.
Can I afford London?
To live comfortably in London, Kentucky, a minimum annual income of
$29,520 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about London?
The cost of living in London, KY is quite reasonable. According to the most recent data from the BestPlaces Bureau, the median home value for London is $144,900, which is much lower than the national average of $231,200 and the Kentucky average of $150,100. Groceries and other necessities are also cheaper relative to other areas in Kentucky as well. The cost of utilities are lower than both state and national averages too. Furthermore, transportation expenses are low due to a central location near major highways like I-75 and US 127. With a variety of low-cost housing options available and low living expenses overall, London is an affordable place to live for anyone looking for an inexpensive place to call home.