Cost of Living in Boone 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 Boone County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Boone County ranks #2,764 of 3,142 counties for affordability (bottom 12%)
Sourced county brief
Boone County Median Gross Rent Reaches $1,373 Monthly
In Boone County, the median gross rent is $1,373 per month, which is $580 higher than the Kentucky unweighted county mean of $793. The official ACS B25071 median gross rent as a percentage of household income is 26.1%. This GRAPI value is 1.1 percentage points lower than the state unweighted county mean of 27.2%. The median home value in the county was estimated at $277,300, which is $116,465 above the state unweighted county mean of $160,835. Median selected monthly owner costs for all owner-occupied units were $1,343, compared to the state unweighted county mean of $753. The median income for renter households was recorded at $63,905. These data points from the 2020-2024 American Community Survey 5-Year estimates provide a detailed look at the housing market in Boone County. See ACS table B25064 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: Boone County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.1% of renter household income in Boone 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 $1,373 per month; median selected monthly owner costs are $1,343. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $54,920 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. Boone County's $1,373 median is 73.1% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Boone County
Rent Burden
16.6%
of gross income
Max Housing (28% Rule)
$2,320
per month
Owner Cost Burden
16.2%
of gross income
You can likely afford the median home in Boone County
Median home value is $277,300. Estimated monthly cost: $2,214 vs. your max of $2,320.
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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