Cost of living in Morehead
Morehead, located in Kentucky, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living in Morehead is crucial for both current residents and those considering a move to this vibrant city.
This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $16 on average, with a range between $8 and $32.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $54.5, with prices ranging from $45 to $80.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8.5, with a range between $8 and $8.5.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.25 to $10, imported beer $5 to $12, cappuccino $3 to $5, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.71 and $0.86 per liter, averaging $0.81.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.47 and $4.41, with an average price of $2.81.
- Eggs (Dozen) - A dozen eggs range from $2.42 to $2.8, averaging $2.67.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.9 to $5.67 per kg, while oranges range from $2.47 to $10.1 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced at $3.75 per kg, and lettuce costs $1.5 to $2.99 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.71 and $0.94 per liter.
- Car Purchase (Volkswagen Golf, Toyota Corolla) - A new Volkswagen Golf costs $36,111.63, while a Toyota Corolla is priced at $26,427.25.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $500 and $600 per month.
- International Primary School, Yearly for 1 Child - The yearly cost for international primary school is $5,000.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $175 and $236.11, averaging $205.56.
- Internet - Internet services range from $55 to $80, with an average cost of $67.17.
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"
Morehead offers a relatively affordable cost of living compared to larger cities, with moderate prices for dining and groceries.
Transportation costs are reasonable, especially for fuel, making it easier for residents to commute.
Housing and utility costs are manageable, providing a balanced lifestyle for families and individuals.
Conclusion
In conclusion, Morehead, KY, presents a cost-effective living environment with its affordable dining, grocery, and transportation options.
The city's manageable housing and utility expenses make it an attractive choice for those seeking a balanced lifestyle without the high costs associated with larger urban areas.