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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Anderson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Anderson County ranks #2,030 of 3,142 counties for affordability (bottom 35%)
Sourced county brief
Anderson County Monthly Owner Costs Exceed $1,000
Anderson County's median selected monthly owner costs for all owner-occupied units was estimated at $1,005. This figure is $252 above the Kentucky unweighted county mean of $753. The median home value in the county is $225,100, which differs from the state unweighted county mean of $160,835 by $64,265. For renters, the median gross rent is $927 per month, compared to a state unweighted county mean of $793. The official ACS B25071 median gross rent as a percentage of household income is 28.0%, which is 0.8 percentage points higher than the unweighted state county mean of 27.2%. The median income for renter-occupied households is $41,533. All data is sourced from the American Community Survey 5-Year estimates for the 2020-2024 period. See ACS table B25088 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Anderson County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.0% of renter household income in Anderson County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $927 per month; median selected monthly owner costs are $1,005. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $37,080 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Kentucky unweighted mean of county median rents is $793 per month. Anderson County's $927 median is 16.8% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Anderson County
Rent Burden
14.9%
of gross income
Max Housing (28% Rule)
$1,738
per month
Owner Cost Burden
16.2%
of gross income
The median home in Anderson County may be a stretch
Median home value is $225,100. Estimated monthly cost: $1,797 vs. your max of $1,738.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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