Cost of Living in Fulton County, Kentucky

$542/mo
Median Monthly Rent
$78,100
Median Home Value
30% below state averageUnaffordable

At a Glance

Median Monthly Rent
$542/mo
30% below state average
Median Home Value
$78,100
72% below national
Rent-to-Income Ratio
32.0%
% 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 Fulton County Compares

Median monthly rent comparison

Fulton County$542/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$542/mo
Median Gross Rent
$78,100
Median Home Value
$560/mo
Monthly Owner Cost
32.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Fulton County, Kentucky

Fulton offers extreme affordability

Fulton County's 17.7% rent-to-income ratio masks a deeper story: median household income of just $36,834 (51% below the national average) yields rock-bottom rents of $542/month. This western Kentucky county offers some of America's most affordable housing in absolute terms, though lower incomes reflect limited economic opportunity.

Lowest-income Kentucky county surveyed

Fulton County shows the lowest median household income ($36,834) among all surveyed Kentucky counties, yet maintains a 17.7% rent-to-income ratio just above the state average. At $542/month, Fulton rents are the cheapest in the commonwealth—reflecting economic realities of this rural northwestern county.

Extreme rural affordability

Fulton's $542 rent dramatically undercuts regional alternatives: Fleming ($677), Estill ($689), and Floyd ($713) all cost substantially more. However, Fulton's low incomes and 17.7% ratio suggest that cheap rent alone doesn't solve affordability challenges when wages are this constrained.

Survival budgeting in rural west

Fulton households earning just $36,834 spend $542 on rent (17.7% of income) or $560 on mortgage payments for homes averaging $78,100. While housing costs stay relatively low, the extremely limited income leaves minimal margin for healthcare, transportation, childcare, and other necessities.

Fulton demands realistic expectations

Fulton County's ultra-low rents ($542/month) are genuinely affordable, but the county's strained economy (lowest median income in this survey) means you'll need either remote income, significant savings, or a job offer paying above the local median to avoid financial stress. Compare Fulton's housing bargain against limited employment prospects before relocating.

Affordability Calculator

See how your income compares to housing costs in Fulton County

$

Rent Burden

17.7%

of gross income

Max Housing (28% Rule)

$859

per month

Owner Cost Burden

18.2%

of gross income

You can likely afford the median home in Fulton County

Median home value is $78,100. Estimated monthly cost: $623 vs. your max of $859.

Rent Affordability Guide

Your rent-to-income ratio17.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Fulton County, Kentucky?
Fulton County, Kentucky has a median monthly rent of $542/mo and a median home value of $78,100. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.
What is the median rent in Fulton County?
The median gross rent in Fulton County is $542/mo. This is 30% below state average for Kentucky.
Is Fulton County affordable?
Fulton County is rated Unaffordable based on rent-to-income ratio of 32.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Fulton County's rent compare to the state average?
Fulton County's median rent of $542/mo is 30% below state average of $771/mo for Kentucky.
What is the median home value in Fulton County?
The median home value in Fulton County, Kentucky is $78,100. This is 72% 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.