Silver Grove, KY Cost of Living


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Silver Grove cost of living score
91.3
Less expensive
8.7% lower
than the US average
10.9% higher
than the Kentucky average
Silver Grove, Kentucky gets a BestPlaces Cost of Living score of 91.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 8.7% lower than the U.S. average and 10.9% lower than the average for Kentucky.

Silver Grove, KY

Housing costs in Silver Grove?
A typical home costs $155,700, which is 53.9% less expensive than the national average of $338,100 and 19.9% less expensive than the average Kentucky home, at $194,300. Renting a two-bedroom unit in Silver Grove costs $900 per month, which is 37.1% cheaper than the national average of $1,430 and 2.2% cheaper than the state average of $920.

Can I afford Silver Grove?
To live comfortably in Silver Grove, Kentucky, a minimum annual income of $29,880 for a family, and $27,600 for a single person is recommended.

What does A.I. say about Silver Grove?
The cost of living in Silver Grove, KY is very affordable. Although the area has seen an increase in property prices over the past few years, the overall cost of living remains low compared to other areas of the state. The median home price is $87,400, which is much lower than the national average of $229,700. Groceries, gas prices, healthcare costs and other basic needs are all significantly lower than average as well. In addition to having a low cost of living, many residents benefit from a variety of tax incentives and programs designed to make life more affordable for individuals and families.
   Cost of living score
     CategoriesSilver GroveKentuckyUnited States
  91.382.3100.0
  94.894.2100
  107.7102.2100.0
  42.356.9100.0
  $155,700$194,300$338,100
  92.4%92.9%100.0%
  98.789.1100.0
  91.577.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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