Housing costs in Olive Hill?
A typical home costs
$105,200, which is 68.9% less expensive than the national average of
$338,100 and 45.9% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Olive Hill costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 21.1% cheaper than the state average of
$920.
Can I afford Olive Hill?
To live comfortably in Olive Hill, Kentucky, a minimum annual income of
$20,160 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Olive Hill?
The cost of living in Olive Hill, KY is relatively low compared to the national average. According to an analysis done by Sperling's Best Places, it has a cost of living index of 85.5, which is 15.5 points lower than the national average. This means that everyday goods and services are typically cheaper in Olive Hill than they would be elsewhere in the country. Residents benefit from a wide variety of affordable housing options, with prices being substantially lower than those found in large cities such as New York City or Los Angeles. In addition, food and groceries are also reasonably priced with many supermarkets offering competitive prices. All in all, the cost of living in Olive Hill is highly favorable when compared against other parts of the United States.