Housing costs in Murray?
A typical home costs
$163,400, which is 51.7% less expensive than the national average of
$338,100 and 15.9% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Murray costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 17.9% cheaper than the state average of
$920.
Can I afford Murray?
To live comfortably in Murray, Kentucky, a minimum annual income of
$31,320 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Murray?
The cost of living in Murray, KY is relatively low compared to other parts of the country. The overall cost of living index for the city is 93.4, which is 6.6 points lower than the US average. Housing costs make up a large portion of this index with an average home value of $155,100 and monthly rent of $741 for a two-bedroom apartment. Transportation expenses are also lower than average due to the city's rural location and easy access to public transit options such as buses and shuttles. In addition, groceries are less expensive than they would be in larger cities, making it possible for people on a budget to live comfortably in Murray, KY.