Housing costs in Beaver Dam?
A typical home costs
$121,300, which is 64.1% less expensive than the national average of
$338,100 and 37.6% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Beaver Dam costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 16.5% cheaper than the state average of
$920.
Can I afford Beaver Dam?
To live comfortably in Beaver Dam, Kentucky, a minimum annual income of
$23,400 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Beaver Dam?
The cost of living in Beaver Dam, KY is quite affordable. According to the Missouri Economic Research and Information Center, the cost of living index for Beaver Dam is an impressive 87.9, which is 13.1 points lower than the national average. This means that residents of Beaver Dam have significantly lower housing costs than other parts of the country, and they benefit from local goods and services that are much more affordable than in many places. On top of this, the low unemployment rate makes it easier for people to find jobs that can help make ends meet. All these factors come together to make Beaver Dam an attractive place to call home with a relatively low cost of living.