Zip 40347 (Midway, KY) Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Midway cost of living score
88.8
Less expensive
11.2% lower
than the US average
7.9% higher
than the Kentucky average
Midway (zip 40347), Kentucky gets a BestPlaces Cost of Living score of 88.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.2% lower than the U.S. average and 7.9% lower than the average for Kentucky.

Zip 40347 (Midway, KY)

Housing costs in Midway?
A typical home costs $283,000, which is 16.3% less expensive than the national average of $338,100 and 45.7% more expensive than the average Kentucky home, at $194,300. Renting a two-bedroom unit in Midway costs $990 per month, which is 7.6% more than the national average of $920 and 4.0% cheaper than the state average of $1,030.

Can I afford Midway?
To live comfortably in Midway (zip 40347), Kentucky, a minimum annual income of $54,360 for a family, and $32,800 for a single person is recommended.

What does A.I. say about Midway?
The cost of living in 40347 Midway, KY is relatively low compared to other areas within the US. The city has an overall cost of living index of 83.3, which is 17.7% lower than the national average. This means that items such as groceries, housing, goods and services are all more affordable than in many other parts of the US. Additionally, residents enjoy much lower property taxes than in many states and have access to a variety of community amenities like parks, green spaces, and recreational activities. Overall, 40347 Midway is an excellent place to live if you are looking for a reasonably priced area with lots of great amenities at your doorstep.
   Cost of living score
     CategoriesMidwayKentuckyUnited States
  88.882.3100.0
  99.394.2100
  99.9102.2100.0
  75.056.9100.0
  $283,000$194,300$338,100
  88.3%92.9%100.0%
  86.189.1100.0
  91.977.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime