Housing costs in Mount Olivet?
A typical home costs
$116,800, which is 65.5% less expensive than the national average of
$338,100 and 39.9% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Mount Olivet costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 7.1% more than the state average of
$920.
Can I afford Mount Olivet?
To live comfortably in Mount Olivet (zip 41064), Kentucky, a minimum annual income of
$22,320 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Mount Olivet?
The cost of living in 41064 Mount Olivet, KY is relatively affordable. According to Area Vibes, the estimated cost of living index is an impressive 83.3, which is 17.7% lower than the national average. The housing costs are particularly low with a median home price of $127,700 and an average rent of $709 per month. Furthermore, utilities are also reasonably priced with an average electric bill of only $145 per month. In short, Mount Olivet offers plenty of value for those looking for an affordable place to live in Kentucky.