Prospect, KY Cost of Living

3 Reviews

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Prospect cost of living score
Less expensive
10.2% lower
than the US average
9.1% higher
than the Kentucky average
Prospect, Kentucky gets a BestPlaces Cost of Living score of 89.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.2% lower than the U.S. average and 9.1% lower than the average for Kentucky.

Prospect, KY

Housing costs in Prospect?
A typical home costs $550,100, which is 62.7% more expensive than the national average of $338,100 and 183.1% more expensive than the average Kentucky home, at $194,300. Renting a two-bedroom unit in Prospect costs $1,620 per month, which is 13.3% more than the national average of $1,430 and 43.2% more than the state average of $920.

Can I afford Prospect?
To live comfortably in Prospect, Kentucky, a minimum annual income of $105,480 for a family, and $54,000 for a single person is recommended.

What does A.I. say about Prospect?
The cost of living in Prospect, KY is relatively low compared to other cities in the United States. The median home price in Prospect is approximately $268,000, which is much less than the national average of over $355,000. Additionally, the average cost of goods and services such as groceries and utilities are lower than the national averages. Overall, Prospect is a great place to live for those who want good value without sacrificing quality or lifestyle.
   Cost of living score
     CategoriesProspectKentuckyUnited States

   100=National Average

   Average Rent by Bedroom Size
Reviews for Prospect
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Over 16 years ago

Although housing is more expensive than most other cities in Kentucky, as are the real estate taxes it is worth it for the piece of mind and the great schools. Otherwise  More

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Quick response to what was posted. I would say her post is inaccurate except for the part about taxes. People are friendlier and more laid back than the people up  More

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Everything is relative as the saying goes, but we transplanted here from Germantown, TN (which we loved)to Prospect, KY (suburb of Louisville). We find the people are  More

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