Cost of Living in Bourbon County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Bourbon County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Bourbon County, Kentucky
Bourbon rents beat national odds
Bourbon County's rent-to-income ratio of 15.9% sits comfortably below the national norm, meaning renters here spend less of their paycheck on housing than typical Americans. The county's median rent of $745 per month is substantially lower than what renters nationwide typically pay, giving households more breathing room in their budgets.
Better than average across Kentucky
At 15.9%, Bourbon County's rent-to-income ratio beats Kentucky's state average of 17.0%, positioning it among the more affordable counties in the commonwealth. This advantage means renters here keep more of their income for other essentials compared to their neighbors statewide.
Competitive with regional peers
Bourbon County's $745 monthly rent aligns closely with neighboring Bracken County ($748) and comes in below Boyd County ($839). Home ownership is notably pricier here—median home values reach $211,600—making Bourbon attractive primarily for renters seeking stable, affordable housing.
Where Bourbon income goes
With a median household income of $56,322, Bourbon County renters allocate roughly $745 monthly (15.9%) to rent, while homeowners commit $985 monthly (21%) to ownership costs. This split suggests renters enjoy a clearer affordability advantage than homebuyers in this county.
Consider Bourbon for rental stability
If affordable renting is your priority, Bourbon County delivers—your rent-to-income ratio here beats Kentucky and the nation. However, prospective homebuyers should factor in the higher ownership costs relative to some neighboring counties before committing to a purchase.
Affordability Calculator
See how your income compares to housing costs in Bourbon County
Rent Burden
15.9%
of gross income
Max Housing (28% Rule)
$1,314
per month
Owner Cost Burden
21.0%
of gross income
The median home in Bourbon County may be a stretch
Median home value is $211,600. Estimated monthly cost: $1,689 vs. your max of $1,314.
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.