Housing costs in Morganfield?
A typical home costs
$136,000, which is 59.8% less expensive than the national average of
$338,100 and 30.0% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Morganfield costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 10.8% cheaper than the state average of
$920.
Can I afford Morganfield?
To live comfortably in Morganfield, Kentucky, a minimum annual income of
$25,920 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Morganfield?
The cost of living in Morganfield, KY is relatively low compared to other parts of the country. The median home price is about $93,000, which is significantly lower than the average for the US. Additionally, the overall cost of goods and services are nearly 8% lower than the national average. This makes Morganfield an attractive option for those looking to stretch their budget a bit further or save on everyday expenses. In addition, the area offers plenty of job opportunities and a strong economic base that helps keep prices down. As such, Morganfield is an ideal choice for anyone looking for affordability and quality of life.