Cost of Living in Carroll County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Carroll County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Carroll County, Kentucky
Carroll County rents strain more than national average
At 17.7%, Carroll County's rent-to-income ratio exceeds the national benchmark, signaling rental pressure despite median income ($57,753) below the U.S. average. The $853 monthly rent consumes a noticeably larger share of household income than typical American renters face.
Above state average affordability pressure
Carroll's 17.7% rent-to-income ratio exceeds Kentucky's 17.0% state average, placing it squarely in the state's more strained rental markets. At $853, Carroll rents run $82 above the state median, creating measurable affordability challenges for renters earning $57,753 annually.
Mid-range costs with mid-range incomes
Carroll's $853 rent is higher than western counties like Caldwell ($724) and Carter ($701) but lower than Christian ($999) and Calloway ($828). Its $57,753 income falls between these peers, making Carroll neither the most nor least affordable but squarely in the challenged middle.
Rent takes nearly one-fifth of paychecks
Carroll renters pay $853 monthly—17.7% of the $57,753 median household income—leaving tight margins for other necessities. Homeowners spend $690, creating a $163 monthly gap that reflects broader affordability pressures affecting renters more acutely than buyers.
Carroll requires budget discipline from renters
If you're relocating as a renter, Carroll County demands careful budget planning given its 17.7% rent-to-income ratio. Prospective residents should prioritize income stability and compare Carroll's rental market to nearby Caldwell ($724 rent, 15.1% ratio) or Carlisle ($792 rent, 15.3% ratio) for potentially better affordability.
Affordability Calculator
See how your income compares to housing costs in Carroll County
Rent Burden
17.7%
of gross income
Max Housing (28% Rule)
$1,348
per month
Owner Cost Burden
14.3%
of gross income
You can likely afford the median home in Carroll County
Median home value is $129,800. Estimated monthly cost: $1,036 vs. your max of $1,348.
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.