Cost of Living in Allen County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Allen County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Allen County ranks #301 of 3,144 counties for affordability (top 10%)
Data Story
About Cost of Living in Allen County, Kentucky
Allen punches above its weight nationally
Allen County's rent-to-income ratio of 15.3% sits comfortably within the national affordability sweet spot, well ahead of the national median household income of $74,755. At $59,029 in median income, Allen households enjoy better housing affordability than county income alone might suggest.
Among Kentucky's most affordable counties
Allen's 15.3% rent-to-income ratio beats the Kentucky state average of 17.0%, putting it in the affordability tier of better-positioned counties statewide. With median rent just below the state average at $750, Allen delivers stronger value for renters relative to their earnings.
Competing with Bath for best rents
Allen's $750 median rent undercuts neighboring Adair County ($775) and matches affordability with Bath County ($600 in rent, though with lower overall household income). Allen's homeownership costs of $665 monthly position it midrange among the region's counties.
Allen's housing math works
Renters spend $750 monthly while homeowners pay $665, extracting a healthy 15.3% of the $59,029 median income for housing alone. This leaves Allen households proportionally more breathing room compared to state and national peers.
Allen offers balanced opportunity
If you're seeking affordable rents with moderate incomes, Allen County delivers one of Kentucky's better rent-to-income ratios without sacrificing community stability. Its $176,300 median home value and manageable owner costs make it competitive for both renters and aspiring homeowners.
Cost of Living Advisory: Allen County
Affordability Verdict
Housing in Allen County is affordable. The median rent is $750/month against a median household income of $59,029, putting rent at 15.2% of income.
Rent vs. Own
The median rent in Allen County is $750/month, while owner costs run $665/month. Owning saves approximately $85/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,000/year. For owner costs at the 28% rule, the required income is roughly $28,500/year. With a median household income of $59,029, most households can comfortably afford rent here. Notably, 28.0% of renter households in Allen County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Clay County where rent averages $698/month, Allen County is approximately 7% more expensive.
Affordability Calculator
See how your income compares to housing costs in Allen County
Rent Burden
15.2%
of gross income
Max Housing (28% Rule)
$1,377
per month
Owner Cost Burden
13.5%
of gross income
The median home in Allen County may be a stretch
Median home value is $176,300. Estimated monthly cost: $1,407 vs. your max of $1,377.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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