Cost of living in Corbin
Corbin, located in Kentucky, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living in Corbin is crucial for both current residents and those considering a move to this city.
This guide provides a detailed breakdown of expenses in Corbin, covering everything from dining and groceries to transportation and housing.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $13 on average, with a range between $10 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $18, with prices ranging from $18 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8, with a range between $8 and $10.99.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $9, imported beer $5 to $12, cappuccino $2 to $6, and Coke/Pepsi $1.5 to $5.42.
Grocery Prices
- Milk - Milk is priced between $0.59 and $0.97 per liter, averaging $0.75.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.46 and $4.96, with an average price of $1.46.
- Eggs (Dozen) - A dozen eggs range from $1.79 to $3.39, averaging $2.77.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.93 to $8.8 per kg, while oranges range from $1 to $6.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $3.06 per kg, and lettuce costs $1.3 to $1.99 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.71 and $0.95 per liter.
- Taxi Fares - Taxi fares start at $3.75, with a cost of $1.24 to $1.4 per km and $25 to $30 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $34,911 and $36,111.63, while a Toyota Corolla ranges from $24,000 to $26,427.25.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $1,400 and $1,644.17 monthly.
- International Primary School, Yearly for 1 Child - Yearly tuition for international primary school ranges from $9,000 to $19,510.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $80.64 and $275, averaging $137.92.
- Internet - Internet services range from $45 to $89, with an average cost of $58.54.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Corbin offers a relatively affordable cost of living, especially in terms of dining and grocery prices.
Housing and utility costs are moderate, making it a viable option for families and individuals alike.
Transportation costs are reasonable, with affordable fuel prices and taxi fares.
Conclusion
In conclusion, Corbin, KY, presents a balanced cost of living with affordable dining and grocery options.
While housing and utilities are moderately priced, the city offers a comfortable lifestyle for residents.
Potential residents should consider these factors when planning a move to Corbin.