Cost of living in Paducah
Paducah, located in Kentucky, is a city known for its rich history and vibrant arts scene. Understanding the cost of living in Paducah is crucial for anyone considering moving to or living in the city.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $14.4 on average, with a range between $10 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $62.5, with prices ranging from $50 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8.75, with a range between $8.5 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.5 to $8, imported beer $4.5 to $6.5, cappuccino $3 to $8, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.79 and $1.32 per liter, averaging $0.95.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.76 and $4.41, with an average price of $2.61.
- Eggs (Dozen) - A dozen eggs range from $1.94 to $4, averaging $2.48.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.31 to $7.28 per kg, while oranges range from $1 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1 and $6.61 per kg, and lettuce costs $1.72 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1, with a monthly pass priced at $20.
- Fuel (Gasoline) - Gasoline is priced between $0.71 and $0.92 per liter.
- Taxi Fares - Taxi fares start at $3.5, with a cost of $1.55 to $2.17 per km and $40 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $800 to $1200, averaging $1033.33.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent is consistently $900.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre is consistently $2000.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent is consistently $1800.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is $1335.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter is $1335.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $120 and $385.23, averaging $206.37.
- Internet - Internet services range from $50 to $100, with an average cost of $63.18.
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"
Paducah offers a relatively affordable cost of living compared to larger cities, with moderate housing and utility costs.
Dining out can be economical, especially at casual restaurants, while transportation costs remain low with affordable public transport and fuel prices.
Grocery prices are reasonable, making it easier to manage monthly expenses.
Conclusion
In conclusion, Paducah, KY, presents a balanced cost of living that is attractive for both individuals and families.
With affordable housing, reasonable dining and grocery prices, and low transportation costs, Paducah is a viable option for those seeking a cost-effective lifestyle.
Potential residents can enjoy the city's cultural offerings without the financial strain found in larger metropolitan areas.