Housing costs in Drakesboro?
A typical home costs
$85,700, which is 74.7% less expensive than the national average of
$338,100 and 55.9% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Drakesboro costs
$660 per month, which is 53.8% cheaper than the national average of
$1,430 and 39.4% cheaper than the state average of
$920.
Can I afford Drakesboro?
To live comfortably in Drakesboro (zip 42337), Kentucky, a minimum annual income of
$16,560 for a family, and
$20,000 for a single person is recommended.
What does A.I. say about Drakesboro?
The cost of living in 42337 Drakesboro, KY is quite low compared to the rest of the US. According to Sperling's Best Places, the cost of living index for Drakesboro is 80.2, which is 20.8% lower than the US average. This means that basic costs such as groceries and housing are much more affordable here than they would be elsewhere. The median home value in Drakesboro is just over $80,000, which is much lower than the national median of around $200,000. Even though wages may be slightly lower in Drakesboro than other parts of Kentucky or the US as a whole, it is still an attractive option for those looking to save money on basic expenses.