Housing costs in Corbin?
A typical home costs
$157,500, which is 53.4% less expensive than the national average of
$338,100 and 18.9% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Corbin costs
$740 per month, which is 19.6% cheaper than the national average of
$920 and close to the state average of
$750.
Can I afford Corbin?
To live comfortably in Corbin (zip 40701), Kentucky, a minimum annual income of
$30,240 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Corbin?
The cost of living in 40701 Corbin, KY is quite affordable. According to data from Best Places, the overall cost of living index is only 84.7, which is lower than the U.S. average of 100. Housing costs are particularly low with a median home value of just $87,400 and a monthly rent for two-bedroom apartments averaging at only $630 per month. Groceries, utilities, and transportation are also significantly cheaper than average in Corbin. The overall cost of living is one of the main reasons that people choose to live in this charming small town!