Cost of Living in Anderson County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Anderson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Anderson County ranks #626 of 3,144 counties for affordability (top 20%)
Data Story
About Cost of Living in Anderson County, Kentucky
Anderson approaches national income levels
With a median household income of $71,747, Anderson County sits just below the national average of $74,755, translating to stronger purchasing power for housing than much of rural Kentucky. Yet residents spend 14.6% of income on rent—below the national affordability threshold—making Anderson one of the region's standout housing markets.
Kentucky's housing affordability leader
Anderson's 14.6% rent-to-income ratio beats Kentucky's state average of 17.0% by a substantial margin, placing it among the state's most affordable counties for renters. The county's $870 median rent, while higher nominally, remains manageable thanks to incomes that outpace most of the commonwealth.
Premium pricing, premium incomes
Anderson's $870 median rent exceeds Adair ($775), Allen ($750), and Bath ($600), reflecting its position as a more prosperous region near the Cincinnati corridor. Homeownership costs of $954 monthly and a median home value of $213,200 signal a wealthier overall market than surrounding counties.
Higher incomes fund higher housing
Renters allocate $870 monthly to rent while homeowners pay $954, but these costs represent only 14.6% and roughly 16% of the $71,747 median income respectively. Anderson households enjoy surplus income after housing that rivals many prosperous U.S. counties.
Anderson for seekers of stability
If you can afford Anderson's higher home values and rents, the county rewards you with strong income levels and excellent affordability ratios relative to your housing costs. It's Kentucky's answer to affluent suburban living, combining rural character with near-national income norms.
Cost of Living Advisory: Anderson County
Affordability Verdict
Housing in Anderson County is affordable. The median rent is $870/month against a median household income of $71,747, putting rent at 14.6% of income.
Rent vs. Own
The median rent in Anderson County is $870/month, while owner costs run $954/month. Renting saves approximately $84/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,800/year. For owner costs at the 28% rule, the required income is roughly $40,886/year. With a median household income of $71,747, most households can comfortably afford rent here. Notably, 32.0% of renter households in Anderson County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Kentucky, Anderson County is more affordable than Larue County by roughly 7% ($870/mo vs $816/mo).
Affordability Calculator
See how your income compares to housing costs in Anderson County
Rent Burden
14.6%
of gross income
Max Housing (28% Rule)
$1,674
per month
Owner Cost Burden
16.0%
of gross income
The median home in Anderson County may be a stretch
Median home value is $213,200. Estimated monthly cost: $1,702 vs. your max of $1,674.
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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