Housing costs in Southgate?
A typical home costs
$181,700, which is 46.3% less expensive than the national average of
$338,100 and 6.5% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Southgate costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 10.7% more than the state average of
$920.
Can I afford Southgate?
To live comfortably in Southgate, Kentucky, a minimum annual income of
$34,920 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Southgate?
The cost of living in Southgate, KY is relatively low compared to the national average. According to Best Places, the overall cost of living index in Southgate is just 85.3, which is 15.7 points lower than the US average of 101. Housing costs are especially low in Southgate, with an average home price of $166,400 and a median rent price estimated at $837 for a two-bedroom apartment. Utilities are also generally more affordable, with electricity rates hovering around 8% below the national average. Overall, living in Southgate should be manageable on most budgets.