Cost of living in New Liberty, Kentucky

Cost of living
compared to USA

low

Cost of living
compared to Kentucky

high

Median household
income

low

Is it expensive to live in New Liberty, Kentucky? When calculating the cost of living in New Liberty, Kentucky we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in New Liberty, Kentucky is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Kentucky, while median household income in New Liberty is $51,775 which is low Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Kentucky.

Taxes in New Liberty, Kentucky

The sales tax rate in New Liberty, Kentucky is 6.0%. Last year, the average property taxes paid was 0.8% New Liberty, Kentucky.

The state income tax in the state of Kentucky is 4.50%.

Housing costs in New Liberty, Kentucky

The average cost of
a single-family home
compated to USA

low

The average cost of
a single-family home
compated to Kentucky

moderate

In New Liberty, Kentucky, 89.0% of the population owns their homes, while approximately 11.0% rent. The average cost of a single-family home in New Liberty, Kentucky in 2023 is $199,424 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Kentucky. The average one-bedroom apartment cost is approximately $865 per month.

Rental Size	Monthly Cost	Compared to Kentucky
1 Bedroom	$865	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$1,125	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$1,489	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,659	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest