Cost of Living in Casey County, Kentucky

$645/mo
Median Monthly Rent
$135,700
Median Home Value

At a Glance

Median Monthly Rent
$645/mo
16% below state average
Median Home Value
$135,700
52% below national
Rent-to-Income Ratio
32.0%
% 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 Casey County Compares

Median monthly rent comparison

Casey County$645/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$645/mo
Median Gross Rent
$135,700
Median Home Value
$468/mo
Monthly Owner Cost
32.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Casey County ranks #155 of 3,144 counties for affordability (top 5%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Casey County, Kentucky

Casey County: affordable housing, minimal income

At 18.6%, Casey County's rent-to-income ratio edges above the national average, reflecting the lowest median income in this group ($41,689) despite modest rents of $645. Residents here face the most acute affordability challenge—not due to high costs but due to extremely limited earning capacity.

Below state median income, above average pressure

Casey's 18.6% rent-to-income ratio exceeds Kentucky's 17.0% state average, and its $41,689 median income ranks among the state's lowest-earning counties. Even the lowest rent in this cohort ($645) strains budgets in a county where earning opportunity is severely constrained.

Lowest income despite lowest rents

Casey offers the cheapest rents ($645) but the weakest median income ($41,689) among peer counties—a troubling combination. Residents earn $16,000+ less than Campbell County residents while paying less in absolute housing costs, yet face proportionally heavier affordability burden.

Housing strain despite rock-bottom costs

Casey renters pay $645 monthly (18.6% of the $41,689 income), while homeowners spend $468—the lowest absolute costs anywhere in this group. Yet with median income barely exceeding $41,000, these low costs still consume outsized budget shares, leaving minimal resources for healthcare, education, and savings.

Casey County: affordability with caveats

If housing cost is your only consideration, Casey County's $645 rent and $41,689 median income represent the most constrained economy in this group. Before relocating, prioritize evaluating employment opportunities and wage growth potential—housing affordability alone cannot offset the county's severe income limitations.

Cost of Living Advisory: Casey County

Affordability Verdict

Casey County is affordable for renters, with a median gross rent of $645/month representing approximately 18.6% of median household income. The rent burden (GRAPI) stands at 32.0%.

Rent vs. Own

At $645/month rent versus $468/month in owner costs, owning is roughly $177/month cheaper — a 27% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $25,800/year. For owner costs at the 28% rule, the required income is roughly $20,057/year. With a median household income of $41,689, most households can comfortably afford rent here. Notably, 32.0% of renter households in Casey County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Casey County sits 7% less expensive than Washington County ($696/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Casey County

$

Rent Burden

18.6%

of gross income

Max Housing (28% Rule)

$973

per month

Owner Cost Burden

13.5%

of gross income

The median home in Casey County may be a stretch

Median home value is $135,700. Estimated monthly cost: $1,083 vs. your max of $973.

Rent Affordability Guide

Your rent-to-income ratio18.6%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $41,689Needed: $25,800
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $41,689Needed: $20,057
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $41,689Needed: $31,581

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

What is the cost of living in Casey County, Kentucky?
Casey County, Kentucky has a median monthly rent of $645/mo and a median home value of $135,700. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.
What is the median rent in Casey County?
The median gross rent in Casey County is $645/mo. This is 16% below state average for Kentucky.
Is Casey County affordable?
Casey County is rated Unaffordable based on rent-to-income ratio of 32.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Casey County's rent compare to the state average?
Casey County's median rent of $645/mo is 16% below state average of $771/mo for Kentucky.
What is the median home value in Casey County?
The median home value in Casey County, Kentucky is $135,700. This is 52% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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