Cost of Living in Elliott County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Elliott County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Elliott County ranks #28 of 3,144 counties for affordability (top 1%)
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.
Cost of Living Advisory: Elliott County
Affordability Verdict
Elliott County offers affordable rental housing at a median of $427/month — about 12.8% of the typical household income here.
Rent vs. Own
At $427/month rent versus $589/month in owner costs, renting is roughly $162/month cheaper — a 28% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $17,080/year. For owner costs at the 28% rule, the required income is roughly $25,243/year. With a median household income of $40,074, most households can comfortably afford rent here. Notably, 35.0% of renter households in Elliott County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Wolfe County where rent averages $507/month, Elliott County is approximately 16% less expensive.
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
Income Needed Calculator
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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
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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.
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