Housing costs in Fort Mitchell?
A typical home costs
$345,000, which is 2.0% more expensive than the national average of
$338,100 and 77.6% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Fort Mitchell costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 13.2% more than the state average of
$920.
Can I afford Fort Mitchell?
To live comfortably in Fort Mitchell, Kentucky, a minimum annual income of
$66,240 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Fort Mitchell?
The cost of living in Fort Mitchell, KY is quite affordable, making it an ideal place for those looking for a budget-friendly city to live in. According to the BestPlaces Bureau’s American Community Survey, the median household income in Fort Mitchell is $69,082 and the median home value is $179,400. The median rent per month is only $845 – far below the national average. Groceries are also relatively inexpensive when compared to other cities of similar size across the country. In addition, taxes are relatively low in Fort Mitchell with no state or local income tax on wages or salaries, meaning residents can save more of their hard-earned money!