When it comes to finding an affordable place to live, Kentucky offers a variety of options. Whether you're looking for a small town with a tight-knit community or a bustling city with plenty of amenities, there's something for everyone.
In this article, we'll explore the top 8 cheapest places to live in Kentucky, taking into account the cost of housing and living expenses. So, let's dive in and discover the unique qualities of each city!
Top 8 Cheapest Places to Live in Kentucky
- Olive Hill
- Mayfield
- Leitchfield
- Russellville
- Princeton
- Benton
- Monticello
- Munfordville
Olive Hill
Nestled in the eastern part of Kentucky, Olive Hill is a charming town with a population of about 1,600 people. It offers a tranquil setting surrounded by rolling hills and beautiful landscapes, making it a haven for outdoor enthusiasts. Olive Hill is home to Carter Caves State Resort Park, where visitors can explore the sprawling cave system and enjoy hiking trails.
The cost of living in Olive Hill is significantly lower than the national average, with affordable housing options. You can find houses for sale with an average price of around $90,000, and if you prefer renting, apartments go for an average monthly cost of $500.
Mayfield
Located in the western part of Kentucky, Mayfield is a vibrant city with a population of approximately 10,000 people. This community boasts a rich history and is known for its friendly residents. Mayfield offers a range of recreational activities, including parks, golf courses, and fishing spots.
The cost of living in Mayfield is quite affordable, with houses priced at an average of $95,000. If you're looking to rent, apartments can be found for an average monthly cost of $550.
Leitchfield
Situated in Grayson County, Leitchfield is a small town with a population of around 6,800 people. It offers a peaceful and close-knit community, making it an ideal place for families. Leitchfield is known for its beautiful parks, such as James D. Beville City Park and Aquatic Center, which provide excellent recreational opportunities.
The housing market in Leitchfield is affordable, with houses averaging around $120,000 for sale. Renting an apartment in Leitchfield comes at an average monthly cost of $550.
Russellville
Russellville, located in Logan County, is a historic city with a population of approximately 7,000 people. The city is rich in heritage and offers a variety of cultural and recreational attractions. Visitors and residents can explore the historic downtown area, which features charming shops and eateries.
For outdoor enthusiasts, Lake Malone State Park is just a short drive away, offering boating, fishing, and hiking opportunities. The cost of housing in Russellville is budget-friendly, with houses priced at an average of $125,000. If you're interested in renting, apartments can be found for an average monthly cost of $600.
Princeton
Princeton is a small town located in Caldwell County, with a population of around 6,000 people. This community boasts a strong sense of community and offers a peaceful atmosphere. Princeton is home to the beautiful Lake Barkley State Resort Park, where residents and visitors can enjoy camping, fishing, and boating.
The cost of living in Princeton is affordable, with houses priced at an average of $130,000. For those who prefer renting, apartments come at an average monthly cost of $600.
Benton
Nestled in Marshall County, Benton is a small town with a population of approximately 4,500 people. It offers a tight-knit community with a friendly atmosphere. Benton is surrounded by beautiful natural landscapes and is known for its proximity to Kentucky Lake, making it a haven for boating and fishing enthusiasts.
The cost of housing in Benton is attractive, with houses averaging around $135,000. Renting an apartment in Benton comes at an average monthly cost of $600.
Monticello
Monticello is a scenic city located in Wayne County, with a population of around 6,000 people. This community is blessed with stunning natural beauty, as it sits on the shores of Lake Cumberland. Residents and visitors can enjoy water activities, hiking trails, and picturesque views.
Monticello offers affordable housing options, with houses priced at an average of $140,000. Apartments for rent in Monticello have an average monthly cost of $650.
Munfordville
Situated in Hart County, Munfordville is a small town with a population of approximately 1,600 people. It offers a peaceful and welcoming atmosphere, making it an ideal place to settle down. Munfordville is known for its proximity to Mammoth Cave National Park, a world-renowned attraction that offers cave tours and outdoor adventures.
The cost of living in Munfordville is budget-friendly, with houses averaging around $145,000 for sale. If you're interested in renting, apartments can be found for an average monthly cost of $600.
