Cost of Living in Floyd County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Floyd County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Floyd County, Kentucky
Floyd faces steepest housing burden
Floyd County's 20.6% rent-to-income ratio ranks among Kentucky's most challenging, where households earning just $41,582 annually spend $713 on rent—nearly double the recommended 30% threshold when viewed as a percentage of already-strained budgets. This eastern Kentucky county's housing costs bite harder than the national average, despite below-national-average rents.
Highest affordability strain in survey
Floyd County shows the steepest rent-to-income ratio (20.6%) among surveyed Kentucky counties, exceeding the state average of 17.0% by 3.6 percentage points. With the state's lowest median household income at $41,582, Floyd residents face disproportionate housing pressure despite modest $713 monthly rents.
Struggling more than peers
Floyd's 20.6% ratio exceeds all nearby counties: Estill (18.8%), Fleming (16.4%), and Fayette (19.5%), making it the toughest rental market in this regional cluster. While Floyd's $713 rent runs only slightly above Estill's $689, the county's lower incomes push the affordability burden significantly higher.
Tight margins in eastern Kentucky
Floyd households earning $41,582 dedicate $713 monthly to rent (20.6% of income) or $539 to mortgage payments on homes averaging $93,300. With more than one-fifth of income claimed by housing, residents have little cushion for healthcare, transportation, and other essentials.
Floyd requires careful consideration
Floyd County's 20.6% rent-to-income ratio signals affordability challenges that should give prospective residents pause, especially if you're relocating for employment without a firm job offer. If you're considering Floyd, prioritize securing income above the county median ($41,582) before moving—even modest salary increases dramatically improve your housing affordability picture.
Affordability Calculator
See how your income compares to housing costs in Floyd County
Rent Burden
20.6%
of gross income
Max Housing (28% Rule)
$970
per month
Owner Cost Burden
15.6%
of gross income
You can likely afford the median home in Floyd County
Median home value is $93,300. Estimated monthly cost: $745 vs. your max of $970.
Rent Affordability Guide
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.