Cost of Living in Fleming County, Kentucky

$677/mo
Median Monthly Rent
$115,200
Median Home Value

At a Glance

Median Monthly Rent
$677/mo
12% below state average
Median Home Value
$115,200
59% below national
Rent-to-Income Ratio
29.0%
% 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 Fleming County Compares

Median monthly rent comparison

Fleming County$677/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$677/mo
Median Gross Rent
$115,200
Median Home Value
$560/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Fleming County ranks #260 of 3,144 counties for affordability (top 8%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Fleming County, Kentucky

Fleming leads Kentucky affordability

Fleming County boasts Kentucky's best rent-to-income ratio at 16.4%, beating both the state average (17.0%) and falling comfortably below the national 30% threshold. Median rent of $677/month ranks among the state's lowest, though median household income ($49,663) trails the U.S. average by 34%.

Most affordable Kentucky county

Fleming's 16.4% rent-to-income ratio leads all Kentucky counties surveyed, delivering the best rental affordability in the state. At $677/month, local rents run 12% below the state median, giving residents the most breathing room in their housing budgets across the commonwealth.

Rural affordability champion

Fleming's $677 rent undercuts most regional peers: Estill ($689), Garrard ($793), and Fayette ($1,101) all charge more. Combined with Fleming's lean 16.4% ratio, the county emerges as the most affordable option for renters across this cluster of central Kentucky communities.

Balanced housing budget

Fleming households earning $49,663 annually spend $677 on rent (16.4% of income) or $560 on mortgage payments for homes valued around $115,200. This leaves substantial income for other necessities—a rare luxury in rural Kentucky labor markets.

Fleming: Kentucky's affordability gem

If housing affordability tops your relocation criteria, Fleming County delivers the best rent-to-income ratio in the state at just 16.4%, with rents 12% below the Kentucky average. Factor in rural lifestyle trade-offs and job availability, but if you can secure remote work or compatible employment, Fleming offers unbeatable housing value.

Cost of Living Advisory: Fleming County

Affordability Verdict

Fleming County is affordable for renters, with a median gross rent of $677/month representing approximately 16.4% of median household income. The rent burden (GRAPI) stands at 29.0%.

Rent vs. Own

At $677/month rent versus $560/month in owner costs, owning is roughly $117/month cheaper — a 17% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $27,080/year. For owner costs at the 28% rule, the required income is roughly $24,000/year. With a median household income of $49,663, most households can comfortably afford rent here. Notably, 29.0% of renter households in Fleming County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Fleming County sits 7% less expensive than Lawrence County ($729/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Fleming County

$

Rent Burden

16.4%

of gross income

Max Housing (28% Rule)

$1,159

per month

Owner Cost Burden

13.5%

of gross income

You can likely afford the median home in Fleming County

Median home value is $115,200. Estimated monthly cost: $920 vs. your max of $1,159.

Rent Affordability Guide

Your rent-to-income ratio16.4%
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: $49,663Needed: $27,080
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $49,663Needed: $24,000
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $49,663Needed: $26,810

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 Fleming County, Kentucky?
Fleming County, Kentucky has a median monthly rent of $677/mo and a median home value of $115,200. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Fleming County?
The median gross rent in Fleming County is $677/mo. This is 12% below state average for Kentucky.
Is Fleming County affordable?
Fleming County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Fleming County's rent compare to the state average?
Fleming County's median rent of $677/mo is 12% below state average of $771/mo for Kentucky.
What is the median home value in Fleming County?
The median home value in Fleming County, Kentucky is $115,200. This is 59% 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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