Housing costs in Bancroft?
A typical home costs
$377,500, which is 11.7% more expensive than the national average of
$338,100 and 94.3% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Bancroft costs
$1,280 per month, which is 10.5% cheaper than the national average of
$1,430 and 28.1% more than the state average of
$920.
Can I afford Bancroft?
To live comfortably in Bancroft, Kentucky, a minimum annual income of
$72,360 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Bancroft?
Bancroft, KY is an affordable place to live, with the cost of living lower than the national average. The median home value in Bancroft is $98,400, which is lower than the national median of $228,200. Renters pay an average of $743 a month for housing costs compared to the US average of $1,046. The grocery prices in Bancroft are also lower than the national average, allowing residents to stretch their budget further. Furthermore, transportation costs in Bancroft are quite reasonable and utilities are low for the area as well. With low taxes and good job opportunities nearby, Bancroft is an excellent choice for anyone looking to save money and live comfortably on a budget.