Housing costs in Island?
A typical home costs
$117,600, which is 65.2% less expensive than the national average of
$338,100 and 39.5% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Island costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 24.3% cheaper than the state average of
$920.
Can I afford Island?
To live comfortably in Island, Kentucky, a minimum annual income of
$22,680 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Island?
The cost of living in Island, KY is relatively inexpensive compared to many other areas. The median home value in Island is only $81,000, which is significantly lower than the national average of $184,700. Other aspects of the cost of living are similarly inexpensive as well. Groceries and utilities are both slightly below average when compared to the national averages, and transportation costs in Island are also much lower than most places. All of this adds up to a low overall cost of living that makes it an attractive place for people who want to live in a rural area on a budget.