Housing costs in Morehead?
A typical home costs
$148,600, which is 56.0% less expensive than the national average of
$338,100 and 23.5% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Morehead costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 13.6% cheaper than the state average of
$920.
Can I afford Morehead?
To live comfortably in Morehead, Kentucky, a minimum annual income of
$28,440 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Morehead?
The cost of living in Morehead, KY is relatively affordable compared to other cities in the region. Housing costs are among the lowest in the state of Kentucky and typically range from $800 to $1,100 a month for a two-bedroom apartment or home. Utilities and groceries can also be found at reasonable prices throughout the city. Healthcare is also fairly accessible with several hospitals and healthcare centers located within the area. The median household income in Morehead is slightly below the national average but on par with most of Kentucky’s other small towns. All in all, the cost of living in Morehead is quite reasonable for residents looking to save money while still enjoying all that this unique town has to offer.