Housing costs in Oakland?
A typical home costs
$238,600, which is 29.4% less expensive than the national average of
$338,100 and 22.8% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Oakland costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and close to the state average of
$920.
Can I afford Oakland?
To live comfortably in Oakland, Kentucky, a minimum annual income of
$45,720 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Oakland?
The cost of living in Oakland, KY is quite reasonable. The overall cost of living index for the city is just 85.9, which is 15.1% lower than the average across the entire United States. This means that most goods and services are more affordable in Oakland compared to other cities around the country. Housing costs are especially low, with housing prices significantly below national averages. The median home price in Oakland is only $68,500 compared to a national average of $229,700; this makes homeownership an attainable goal for many residents. Additionally, transportation and utility costs in Oakland are also lower than the national averages - all contributing to an overall lower cost of living in the city.