Housing costs in Shelbyville?
A typical home costs
$249,500, which is 26.2% less expensive than the national average of
$338,100 and 28.4% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Shelbyville costs
$950 per month, which is 3.3% more than the national average of
$920 and 9.5% cheaper than the state average of
$1,040.
Can I afford Shelbyville?
To live comfortably in Shelbyville (zip 40065), Kentucky, a minimum annual income of
$47,880 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Shelbyville?
The cost of living in 40065 Shelbyville, KY is relatively low compared to other cities in the United States. According to the website Best Places, the overall cost of living index for this area is 84.6, while the national average is 100. This means that compared to other areas, it costs 14.4% less to live in Shelbyville than it does on average in the US. Housing prices are also quite reasonable with a median home value of $125,500 and an average rent of $809 per month. Additionally, utilities such as electricity and water are cheaper than most parts of America due to lower taxes and utility fees. Lastly, groceries are fairly priced and accessible since there are many grocery stores and restaurants in the area.