Housing costs in Bloomfield?
A typical home costs
$204,200, which is 39.6% less expensive than the national average of
$338,100 and 5.1% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Bloomfield costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 15.0% cheaper than the state average of
$920.
Can I afford Bloomfield?
To live comfortably in Bloomfield, Kentucky, a minimum annual income of
$39,240 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Bloomfield?
The cost of living in Bloomfield, KY is quite reasonable. The median home price in the area is around $164,000 which is very affordable compared to the national average of $229,000. The overall cost of living index for Bloomfield is 89.6, which is lower than the US average of 100. This means that goods and services are generally cheaper in Bloomfield than other areas throughout the United States. Additionally, utilities typically cost between $120-$150 per month depending on usage and seasonality. With low housing prices and minimal costs for day-to-day expenses, living in Bloomfield is a great option for those looking for an economical place to call home.