Housing costs in Melbourne?
A typical home costs
$197,400, which is 41.6% less expensive than the national average of
$338,100 and 1.6% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Melbourne costs
$890 per month, which is 3.3% cheaper than the national average of
$920 and 22.5% cheaper than the state average of
$1,090.
Can I afford Melbourne?
To live comfortably in Melbourne (zip 41059), Kentucky, a minimum annual income of
$37,800 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Melbourne?
41059 Melbourne, KY is known for having a cost of living that is much lower than the national average. The overall cost of housing in 41059 Melbourne, KY is approximately 26% below the national average, which makes it an affordable place to live for families and individuals alike. Additionally, the cost of utilities such as electricity, gas, water, and sewage are 17% below the national average. Other costs associated with daily living in 41059 Melbourne, KY are similarly low; groceries and health care costs in particular are 9% and 8% below the national average respectively. All in all, 41059 Melbourne, KY is an excellent place to live if you're looking for quality living at an affordable price.