Cost of Living in Ballard County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Ballard County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Ballard County, Kentucky
Ballard balances income and rent well
Ballard County's median household income of $64,740 sits notably below the national average of $74,755, yet its 15.3% rent-to-income ratio demonstrates solid affordability. Residents here manage housing costs efficiently despite earning less than their national counterparts.
Right at Kentucky's affordability line
Ballard's 15.3% rent-to-income ratio matches Allen County and beats the state average of 17.0%, placing it squarely in Kentucky's more affordable tier. The median rent of $826 slightly exceeds the state average of $771, offset by moderate incomes.
Mid-range rents, below-average homes
Ballard's $826 rent falls between Anderson County's higher-end market ($870) and Adair's modest rents ($775), while homeownership at $784 monthly stays competitive. The median home value of $132,900 positions Ballard as an affordable entry point to ownership in the region.
Ballard's housing splits evenly
Renters spend $826 monthly while homeowners pay $784, with both clusters consuming roughly 15% of the $64,740 median income. This equilibrium gives Ballard households flexibility for savings and other necessities.
Ballard suits pragmatic relocators
If you're moving for work with a moderate income, Ballard's balanced rent and ownership costs make it a smart choice without stretching your budget. Compare it to neighboring Allen and Bath counties to find your ideal rent-to-income fit.
Affordability Calculator
See how your income compares to housing costs in Ballard County
Rent Burden
15.3%
of gross income
Max Housing (28% Rule)
$1,511
per month
Owner Cost Burden
14.5%
of gross income
You can likely afford the median home in Ballard County
Median home value is $132,900. Estimated monthly cost: $1,061 vs. your max of $1,511.
Rent Affordability Guide
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.