Cost of Living in Elliott County, Kentucky

$427/mo
Median Monthly Rent
$97,400
Median Home Value
45% below state averageUnaffordable

At a Glance

Median Monthly Rent
$427/mo
45% below state average
Median Home Value
$97,400
65% below national
Rent-to-Income Ratio
35.0%
% 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 Elliott County Compares

Median monthly rent comparison

Elliott County$427/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$427/mo
Median Gross Rent
$97,400
Median Home Value
$589/mo
Monthly Owner Cost
35.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Elliott County, Kentucky

Elliott County Offers Rock-Bottom Rents

Elliott County renters spend just 12.8% of their income on housing, the lowest rent-to-income ratio in this dataset and well below Kentucky's 17% state average. At just $427 monthly rent and $40,074 median household income, Elliott delivers exceptional housing affordability despite limited local wages.

Kentucky's Most Affordable Rental Market

Elliott County's 12.8% rent-to-income ratio ranks among the absolute most affordable counties in Kentucky. This extreme affordability stems from exceptionally low rents ($427) that remain well below regional peers, even as incomes stay modest.

Unbeatable Rent Prices in Eastern Kentucky

Elliott County's $427 median rent is the lowest among all eight counties in this dataset, undercutting Cumberland ($553) and Clinton ($629) by significant margins. This deep discount reflects Elliott's remote location and limited local job market.

Homeownership Costs More Than Renting

Renters pay just $427 monthly while homeowners spend $589, with median home values at $97,400. At 12.8% of income devoted to housing, Elliott County renters enjoy the most generous affordability cushion in this comparison.

Maximum Affordability for Remote Workers

Elliott County's $427 rent is unmatched in this region and among the lowest in Kentucky, making it ideal for remote workers and retirees on fixed incomes. Compare Elliott's rock-bottom costs to Cumberland ($553) and Clinton ($629) if you're willing to trade convenience for deep affordability.

Affordability Calculator

See how your income compares to housing costs in Elliott County

$

Rent Burden

12.8%

of gross income

Max Housing (28% Rule)

$935

per month

Owner Cost Burden

17.6%

of gross income

You can likely afford the median home in Elliott County

Median home value is $97,400. Estimated monthly cost: $778 vs. your max of $935.

Rent Affordability Guide

Your rent-to-income ratio12.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Elliott County, Kentucky?
Elliott County, Kentucky has a median monthly rent of $427/mo and a median home value of $97,400. The affordability rating is Unaffordable, with rent making up approximately 35.0% of median household income.
What is the median rent in Elliott County?
The median gross rent in Elliott County is $427/mo. This is 45% below state average for Kentucky.
Is Elliott County affordable?
Elliott County is rated Unaffordable based on rent-to-income ratio of 35.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Elliott County's rent compare to the state average?
Elliott County's median rent of $427/mo is 45% below state average of $771/mo for Kentucky.
What is the median home value in Elliott County?
The median home value in Elliott County, Kentucky is $97,400. This is 65% 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.