Housing costs in Summersville?
A typical home costs
$151,000, which is 55.3% less expensive than the national average of
$338,100 and 22.3% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Summersville 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 Summersville?
To live comfortably in Summersville, Kentucky, a minimum annual income of
$28,800 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Summersville?
The cost of living in Summersville, KY is quite affordable compared to the national average. The median home value in Summersville, KY is $73,600 which is 40% lower than the U.S. average and the overall cost of living index is 10% below the national average. The unemployment rate in Summersville is 4.2%, which is slightly below the national average of 4.3%. Additionally, sales tax in Kentucky is 6%, which helps to keep costs low for consumers. All of these factors contribute to Summersville’s affordability and make it an attractive place to live for those looking for a good quality of life at a reasonable price.