Cost of Living in Kentucky Compared to Ohio

Ohio vs. Ohio

Kentucky and Ohio are neighboring states located in the Midwestern region of the United States. Although they share similarities in terms of geography and culture, the cost of living in these two states can vary significantly. In this blog post, we will compare the cost of living in Kentucky and Ohio to help you make an informed decision about where to live or visit.

Housing

One of the biggest factors that affect the cost of living is housing. In Kentucky, the average cost of a home is around $164,000, which is slightly lower than the national average. On the other hand, the average cost of a home in Ohio is around $190,000. However, rental prices in Ohio tend to be slightly cheaper than in Kentucky. The average monthly rent for a one-bedroom apartment in Kentucky is around $800, while in Ohio it is around $750.


Food and Groceries

The cost of groceries and dining out can also vary between Kentucky and Ohio. In general, Kentucky tends to be slightly cheaper when it comes to food and groceries. For example, the price of a gallon of milk in Kentucky is around $2.85, while in Ohio, it is around $3.20. Similarly, the average cost of a loaf of bread in Kentucky is around $2.56, while in Ohio it is around $2.80.


Transportation

Transportation costs can also affect the cost of living in a state. In Kentucky, the average cost of gas is around $2.90 per gallon, which is slightly cheaper than Ohio where the average cost of gas is around $3.10 per gallon. However, other factors, such as vehicle registration fees and insurance rates, can also impact transportation costs.


Utilities

Utilities, such as electricity and water, can also impact the cost of living. In Kentucky, the average monthly electricity bill is around $126, while in Ohio, it is around $135. However, the cost of water tends to be slightly cheaper in Ohio, with an average monthly bill of around $50, compared to Kentucky where the average monthly bill is around $60.


Overall, when comparing the cost of living in Kentucky and Ohio, Kentucky tends to be slightly cheaper in terms of housing and food, while Ohio tends to be slightly cheaper in terms of transportation and utilities. However, it's important to note that these costs can vary depending on the city or town you live in. Factors such as local property taxes, job opportunities, and lifestyle choices can drastically change the cost of living.


Be sure to check back to the Career Corner for more great information and tips. Whether you are looking for more tips, advice, or Real Estate Education feel free to reach out to us anytime. 

Meet RJ Billings. RJ went to Mount St. Joseph University and earned his bachelor’s degree in Business Administration and Management. He grew up loving sports in high school and continued playing basketball and football in college. RJ is charismatic and energetic and has always loved connecting with people. 

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