Cost of Living in Breckinridge County, Kentucky

$730/mo
Median Monthly Rent
$141,400
Median Home Value
5% below state averageUnaffordable

At a Glance

Median Monthly Rent
$730/mo
5% below state average
Median Home Value
$141,400
50% below national
Rent-to-Income Ratio
24.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Breckinridge County Compares

Median monthly rent comparison

Breckinridge County$730/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$730/mo
Median Gross Rent
$141,400
Median Home Value
$623/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Breckinridge County, Kentucky

Breckinridge rents below national burden

Breckinridge County's rent-to-income ratio of 16.3% sits below the national average, with a median rent of $730 monthly that ranks among Kentucky's most economical. Renters here maintain stronger financial flexibility than their typical American counterparts.

Slightly above state average affordability

Breckinridge County's 16.3% rent-to-income ratio edges slightly above Kentucky's 17.0% state average, positioning it near the middle of statewide affordability rankings. While not among the cheapest, Breckinridge offers reasonable rental access relative to local incomes.

Competitive rents, mid-range home prices

Breckinridge County's $730 monthly rent competes favorably with peers like Bourbon and Bracken, undercutting Boyd significantly. Its median home value of $141,400 sits between ultra-low Boyd/Bracken options and pricier Bourbon/Boyle markets, offering middle-ground homebuying.

Balanced housing for modest incomes

With a median household income of $53,673—the lowest among these eight counties—Breckinridge residents allocate 16.3% to rent ($730) or 13.9% to homeownership ($623). The notably lower ownership costs suggest Breckinridge homebuyers enjoy genuine affordability advantages over renters.

Breckinridge favors budget homebuyers

If homeownership on a tight budget is your goal, Breckinridge County's $623 monthly ownership costs and $141,400 median home values are exceptional values. Renters should note that rents here run slightly above state average, so compare costs carefully.

Affordability Calculator

See how your income compares to housing costs in Breckinridge County

$

Rent Burden

16.3%

of gross income

Max Housing (28% Rule)

$1,252

per month

Owner Cost Burden

13.9%

of gross income

You can likely afford the median home in Breckinridge County

Median home value is $141,400. Estimated monthly cost: $1,129 vs. your max of $1,252.

Rent Affordability Guide

Your rent-to-income ratio16.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Breckinridge County, Kentucky?
Breckinridge County, Kentucky has a median monthly rent of $730/mo and a median home value of $141,400. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Breckinridge County?
The median gross rent in Breckinridge County is $730/mo. This is 5% below state average for Kentucky.
Is Breckinridge County affordable?
Breckinridge County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Breckinridge County's rent compare to the state average?
Breckinridge County's median rent of $730/mo is 5% below state average of $771/mo for Kentucky.
What is the median home value in Breckinridge County?
The median home value in Breckinridge County, Kentucky is $141,400. This is 50% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.