Housing costs in Loretto?
A typical home costs
$186,100, which is 45.0% less expensive than the national average of
$338,100 and 4.2% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Loretto costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 16.5% cheaper than the state average of
$920.
Can I afford Loretto?
To live comfortably in Loretto (zip 40037), Kentucky, a minimum annual income of
$35,640 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Loretto?
The cost of living in 40037 Loretto, KY is very affordable. The local housing market is quite affordable with the median home value sitting at around $83,000 and the median rent price at around $739 per month. Grocery prices are also quite reasonable. The overall cost of living in 40037 Loretto, KY is 7% lower than the US average. This makes it an attractive option for those looking for a more budget-friendly place to live. The local economy is well connected to nearby cities and towns, providing residents with access to jobs and amenities while still having a lower cost of living than many other areas in the country.