Housing costs in Benham?
A typical home costs
$55,300, which is 83.6% less expensive than the national average of
$338,100 and 71.5% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Benham costs
$600 per month, which is 58.0% cheaper than the national average of
$1,430 and 53.3% cheaper than the state average of
$920.
Can I afford Benham?
To live comfortably in Benham, Kentucky, a minimum annual income of
$10,440 for a family, and
$19,200 for a single person is recommended.
What does A.I. say about Benham?
The cost of living in Benham, KY is quite affordable. According to the Council for Community and Economic Research, Benham ranks as the 5th most affordable city in Kentucky with an overall cost of living index of 82.3. This is significantly lower than the state average of 90.6 and the national average of 100. Housing costs are particularly attractive, making Benham an ideal location for those looking to buy or rent property at a budget-friendly rate. Groceries are also reasonably priced, while utilities are a bit higher than the national average. All in all, living in Benham can be very cost effective and residents can enjoy a good quality of life without breaking the bank.