Housing costs in Farmington?
A typical home costs
$148,100, which is 56.2% less expensive than the national average of
$338,100 and 23.8% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Farmington costs
$770 per month, which is 16.3% cheaper than the national average of
$920 and 3.9% more than the state average of
$740.
Can I afford Farmington?
To live comfortably in Farmington (zip 42040), Kentucky, a minimum annual income of
$28,440 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Farmington?
The cost of living in 42040 Farmington, KY is fairly low compared to the national average. The median home value in the area is approximately $120,000, which makes it an affordable place to live. Rent prices are also quite reasonable; a one-bedroom apartment can be rented for as little as $450 per month. The cost of groceries and other necessities is also relatively cheap, with food costing about 12% less than the national average. Other expenses like utilities, transportation, and healthcare are similarly priced as elsewhere in the country. Overall, residing in 42040 Farmington, KY offers an affordable lifestyle with plenty of amenities nearby that make it a great place to call home.