Housing costs in Providence?
A typical home costs
$69,800, which is 79.4% less expensive than the national average of
$338,100 and 64.1% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Providence costs
$610 per month, which is 57.3% cheaper than the national average of
$1,430 and 50.8% cheaper than the state average of
$920.
Can I afford Providence?
To live comfortably in Providence, Kentucky, a minimum annual income of
$13,320 for a family, and
$18,800 for a single person is recommended.
What does A.I. say about Providence?
The cost of living in Providence, KY is quite affordable. The overall cost of living index is rated at 83.9 which is lower than the national average. This makes it a great place to live for people on a budget. The median home value is $106,800 and the median rent is only $764 per month. Groceries, transportation expenses, and utilities are also substantially lower than the national averages. All this makes Providence an ideal city for anyone looking for an affordable place to live without sacrificing quality of life.