Housing costs in Nebo?
A typical home costs
$117,100, which is 65.4% less expensive than the national average of
$338,100 and 39.7% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Nebo costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 8.2% cheaper than the state average of
$920.
Can I afford Nebo?
To live comfortably in Nebo, Kentucky, a minimum annual income of
$22,320 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Nebo?
The cost of living in Nebo, KY is relatively low compared to many other parts of the country. Home prices are typically quite affordable with a median value of around $90,000. Groceries and basic necessities tend to be much cheaper than in larger cities, making it easy for residents to stay within their budget when shopping. The cost of utilities is also generally lower than average, with electricity rates at about 12 cents per kilowatt-hour and natural gas rates around 45 cents per therm. All these advantages make Nebo an attractive place for those looking for an affordable way to live.