House Costs in KY Compared to Other States
When you hear someone say, “Who can afford to live in California?” for the umpteenth time, they are absolutely right?
DISPARITIES IN HOME COST
I hear it from people who have researched living in the Golden State and I’ve heard it from people who live there and are trying to move. I would say – having NO knowledge of their situation – you could really make a profit selling a house in California and moving somewhere much cheaper.
I decided to find a few houses and do some comparisons. No, I’m not making a comparison; I have no intention of moving. But I wanted to see, with my own eyes, illustrations of this disparity.
And, boy, have I found any.
AN EXAMPLE OF A HOUSE IN KENTUCKY
I found a random house on the market in Wilder, Kentucky – population 3,088. It’s in northern Kentucky and probably in the Cincinnati metro area. That might make any house more expensive than if it were in some other parts of Kentucky, but it looks like a house that costs half a million dollars. It has five bedrooms and four bathrooms.
AN EXAMPLE OF A HOUSE IN TENNESSEE
Here’s a comparable home in Nashville that costs $575,000. It has four bedrooms and three bedrooms and covers 2,692 square feet.
THE CHEAPEST STATE TO BUY A HOME IN IS…
I also looked at Learn.Roofstock.com for the cheapest states in the US in terms of new home prices. West Virginia tops the list. So let’s head to its state capital, Charleston, and take a look at this beauty – also on the market for $575,000. At 4,437 square feet, it features five bedrooms, three full bathrooms, and a powder room.
AND THEN THERE IS CALIFORNIA
It’s breathtaking. I love the look of this house. I can’t imagine what something like that would cost in California.
Speaking of what…
In Palmdale, Calif., this nearly 60-year-old ranch-style with 1,696 square feet of living space and includes four bedrooms and three bathrooms costs $529,900.
Here is another comparison. In 1964, my parents bought a ranch-style house—the one I grew up in—for $16,500. After running it through an inflation calculator, that would come out to $141,518 in 2022. And that’s 2,000 square feet bigger than the house in Palmdale.
Yes, four bedrooms is a lot, but I marvel at the difference in size. You could integrate this house into one of the others.
It’s no secret that the cost of living in California is exorbitant. I will certainly never live there. But it’s always interesting to see something for yourself.
Homes for Sale in Western Kentucky with Pools, Patios, and Stunning Backyard Views
Do you need a nice outdoor space this summer? Summer is just around the corner and these homes will meet all your entertainment and relaxation needs! Whip up a fruity drink, kick off your flip flops, and check out this list of Western Kentucky homes. Pricing and availability are subject to change.
PHOTOS: Betty White’s Charming $10.6 Million Home For Sale
TV legend Betty White’s charming Los Angeles home has hit the market, and pictures show a surprisingly modest residence. The 5-bedroom, 6-bathroom, 3,029-square-foot home is now listed for $10,575,000, and the listing basically says it’s slated for demolition.