Cost of Living in Clark County, Kentucky

$883/mo
Median Monthly Rent
$197,900
Median Home Value
15% above state averageUnaffordable

At a Glance

Median Monthly Rent
$883/mo
15% above state average
Median Home Value
$197,900
30% below national
Rent-to-Income Ratio
28.0%
% 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 Clark County Compares

Median monthly rent comparison

Clark County$883/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$883/mo
Median Gross Rent
$197,900
Median Home Value
$1,049/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Clark County, Kentucky

Clark County Rents Stay Below National Stress

Renters in Clark County spend just 15.6% of their income on housing, well below the national affordability threshold of 30% and better than Kentucky's state average of 17%. At $883 monthly, rents here run about $115 more than the state average but remain manageable for a county where median household income reaches $67,824.

Among Kentucky's Most Affordable Counties

Clark County ranks among the state's most affordable places to rent, with a rent-to-income ratio below the state average. This affordability edge stems from the balance between moderate incomes and controlled housing costs, making it a competitive option within Kentucky's rental market.

Competitive With Central Kentucky Peers

Clark County's $883 rent is comparable to Daviess County ($906) but noticeably higher than surrounding rural counties like Crittenden ($618) and Cumberland ($553). The difference reflects Clark's stronger local economy and more developed urban infrastructure around Winchester.

Rent and Homeownership Both Viable

Renters pay $883 monthly while homeowners carry $1,049 in monthly costs, with median home values at $197,900. The 15.6% rent-to-income ratio means the typical household dedicates about one-sixth of earnings to housing, leaving room for other expenses.

Seeking Balanced Rural-Urban Living?

If you're relocating from a high-cost metro area, Clark County offers affordable housing with a stronger median income than many rural Kentucky alternatives. Compare this county's 15.6% rent burden against neighboring communities to find your best fit in central Kentucky.

Affordability Calculator

See how your income compares to housing costs in Clark County

$

Rent Burden

15.6%

of gross income

Max Housing (28% Rule)

$1,583

per month

Owner Cost Burden

18.6%

of gross income

You can likely afford the median home in Clark County

Median home value is $197,900. Estimated monthly cost: $1,580 vs. your max of $1,583.

Rent Affordability Guide

Your rent-to-income ratio15.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Clark County, Kentucky?
Clark County, Kentucky has a median monthly rent of $883/mo and a median home value of $197,900. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Clark County?
The median gross rent in Clark County is $883/mo. This is 15% above state average for Kentucky.
Is Clark County affordable?
Clark County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Clark County's rent compare to the state average?
Clark County's median rent of $883/mo is 15% above state average of $771/mo for Kentucky.
What is the median home value in Clark County?
The median home value in Clark County, Kentucky is $197,900. This is 30% 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.