Housing costs in Cold Spring?
A typical home costs
$240,400, which is 28.9% less expensive than the national average of
$338,100 and 23.7% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Cold Spring costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 22.7% more than the state average of
$920.
Can I afford Cold Spring?
To live comfortably in Cold Spring, Kentucky, a minimum annual income of
$46,080 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Cold Spring?
The cost of living in Cold Spring, KY is relatively low compared to the rest of the state and the nation as a whole. The median home value is $187,400 with an average monthly rent of just over $1,000 for a two-bedroom apartment making it an affordable place for families to live. Utility costs are also reasonable with electricity coming in at around twenty cents per kilowatt hour for residential consumers. Taxes are also lower with sales taxes set at 6% and Kentucky’s income tax ranging from 2% to 5%. Overall, the cost of living in Cold Spring makes it an ideal place for those looking to save money while still having access to great schools and recreational activities.