Cost of Living in Caldwell County, Kentucky

$724/mo
Median Monthly Rent
$113,500
Median Home Value
6% below state averageUnaffordable

At a Glance

Median Monthly Rent
$724/mo
6% below state average
Median Home Value
$113,500
60% below national
Rent-to-Income Ratio
26.0%
% 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 Caldwell County Compares

Median monthly rent comparison

Caldwell County$724/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$724/mo
Median Gross Rent
$113,500
Median Home Value
$646/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Caldwell County, Kentucky

Caldwell's rent stays below national pressure

At 15.1%, Caldwell County's rent-to-income ratio sits comfortably below the national average, giving renters more breathing room than most Americans. This county spends less of its income on rent than the typical U.S. household, even though median income here ($57,618) trails the national median ($74,755) by nearly $17,000.

More affordable than most Kentucky counties

Caldwell ranks among Kentucky's more affordable counties for renters, with a 15.1% rent-to-income ratio below the state average of 17.0%. The median rent of $724 also undercuts the state median by $47, creating pockets of genuine housing relief in western Kentucky.

Competitive rents across western Kentucky

Caldwell's $724 monthly rent is the lowest among its peer counties, beating Carter County ($701 is lower, correction: Carter at $701 is actually lowest), but Caldwell offers better median income ($57,618) than Carter ($50,389) and Casey ($41,689). Renters here get stable affordability without sacrificing earning potential.

Housing takes 15% of paychecks here

Caldwell renters spend about $724 monthly while homeowners carry $646 in mortgage costs—both well-aligned with the $57,618 median household income. This balanced split means residents have room for other essentials without housing crowding out their budgets.

Caldwell offers stable, affordable housing

If you're relocating from higher-cost regions, Caldwell County delivers solid affordability with median home values of $113,500 and rent-to-income ratios that won't strain your budget. Compare these figures to adjacent counties—you'll find Caldwell competitive on price while maintaining healthy household income levels.

Affordability Calculator

See how your income compares to housing costs in Caldwell County

$

Rent Burden

15.1%

of gross income

Max Housing (28% Rule)

$1,344

per month

Owner Cost Burden

13.5%

of gross income

You can likely afford the median home in Caldwell County

Median home value is $113,500. Estimated monthly cost: $906 vs. your max of $1,344.

Rent Affordability Guide

Your rent-to-income ratio15.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Caldwell County, Kentucky?
Caldwell County, Kentucky has a median monthly rent of $724/mo and a median home value of $113,500. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Caldwell County?
The median gross rent in Caldwell County is $724/mo. This is 6% below state average for Kentucky.
Is Caldwell County affordable?
Caldwell County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Caldwell County's rent compare to the state average?
Caldwell County's median rent of $724/mo is 6% below state average of $771/mo for Kentucky.
What is the median home value in Caldwell County?
The median home value in Caldwell County, Kentucky is $113,500. This is 60% 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.