Cost of Living in Breckinridge County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Breckinridge County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Breckinridge County ranks #266 of 3,144 counties for affordability (top 8%)
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.
Cost of Living Advisory: Breckinridge County
Affordability Verdict
Breckinridge County offers affordable rental housing at a median of $730/month — about 16.3% of the typical household income here.
Rent vs. Own
The median rent in Breckinridge County is $730/month, while owner costs run $623/month. Owning saves approximately $107/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,200/year. For owner costs at the 28% rule, the required income is roughly $26,700/year. With a median household income of $53,673, most households can comfortably afford rent here. Notably, 24.0% of renter households in Breckinridge County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Kentucky, Breckinridge County is more affordable than Rockcastle County by roughly 8% ($730/mo vs $678/mo).
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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