Kentucky's Top 5 Fastest-Growing Cities
In Kentucky, living costs are typically lower than the national average, but they vary depending on where you live. At Kentuckiana Real Estate Academy, we can prepare you for the real estate license exam, enabling you to start a career in real estate. Take a closer look at the fastest-growing cities in Kentucky to see how helping newcomers find a home can lead to a beneficial career.
Average Cost of Living in Elizabethtown, KY
Located in Hardin County, Elizabethtown was the 9th largest city in Kentucky in 2020. Since then, it has grown by over 2%, a change of nearly 4,000 people. Typically, real estate agents make about 3% of the sale of a house.
The average cost of living in Elizabethtown, KY, is $3,540 per month for a family and $2,467 per month for a single person. This makes it 17.2% less expensive than the national average and 0.6% higher than the Kentucky average.
This means average:
- Homes cost $222,400.
- Two-bedroom apartments cost $960 per month.
Average Cost of Living in Richmond, KY
Located in Madison County, Richmond, Kentucky, was the seventh-largest city in the state, according to the 2020 census. Since then, it has grown by nearly 3%, with over 5,000 people relocating to the area.
The average cost of living in Richmond is $3,990 per month for a family and $2,167 per month for a single person. This is 16.1% less than the national average and 1.9% more than the Kentucky average cost of living.
In this growing city in Kentucky, the average costs are:
- $249,300 for a home.
- $790 per month for a 2-bedroom apartment.
Average Cost of Living in Bowling Green, KY
Located in southern Kentucky, in Warren County, Bowling Green, KY, has experienced 5% growth since 2020, with over 5,000 new residents. Living in Bowling Green costs the average family about $3,750 per month and the average single person about $2,633 per month. The cost of living is 14.6% lower than the national average and 3.1% higher than the state average.
In Bowling Green, KY, the average:
- House costs $234,900.
- Two-bedroom apartment costs $930 per month.
Average Cost of Living in Nicholasville, KY
Located on the outskirts of Lexington, in Jessamine County, Nicholasville, Kentucky, is the 10th-fastest-growing settlement. With a population of around 30,000, it saw a 4% increase, resulting in over 1,000 new residents. The average cost of living in Nicholasville, KY, is $4,230 per month for a family and $2,467 per month for a single person. It costs about 12.8% less to live here than in the rest of the United States, but 6% more than in the rest of Kentucky.
In this fast-growing city, the average cost for:
- A house is $265,400.
- A 2-bedroom apartment is $900 per month.
Average Cost of Living in Florence, KY
The 8th most populous city in Kentucky, and part of the Cincinnati metropolitan area, Florence, KY, grew by 3% since 2020, resulting in nearly 1,000 new residents.
The average cost of living is $3,780 per month for a family and $3,267 for a single person. This is about 3.8% lower than the national average and about 16.9% higher than the average cost of living in Kentucky.
The average cost of:
- A house is $236,400
- A two-bedroom apartment is $1,270 per month.
Contact Us for Real Estate Classes
Serve the fastest-growing cities in Kentucky by helping people find their dream home, whether it's a luxurious skyscraper apartment or a modest suburban home, and make a good living at the same time. Contact Kentuckiana Real Estate Academy to take online or in-person real estate classes that can prepare you for your pre-licensure exam so you can pursue a job in real estate.
To get started, enroll in one of our classes or reach out for more information by filling out our contact form or calling (859) 317-4846. We proudly serve the areas surrounding Louisville and Lexington, KY.
