Housing costs in Liberty?
A typical home costs
$114,700, which is 66.1% less expensive than the national average of
$338,100 and 41.0% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Liberty 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 Liberty?
To live comfortably in Liberty, Kentucky, a minimum annual income of
$21,960 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Liberty?
The cost of living in Liberty, KY is quite affordable. According to the Council for Community and Economic Research (C2ER), Liberty's cost of living index is 86.7, which is 14.3 points lower than the national average. This makes it a great place to stretch your money further if you're looking for a more budget-friendly area to live in compared to other places. Housing costs are especially low, making up only 23% of the index score. Utility costs are also very reasonable, with electricity being some of the cheapest in the nation thanks to low electricity rates from local suppliers like Kentucky Utilities. In addition, food costs are fairly low compared to other parts of the country as well. All in all, Liberty provides an excellent quality of life at an affordable price point!