Cost of Living in Garrard County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Garrard County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Garrard County ranks #1,412 of 3,142 counties for affordability (top 45%)
Sourced county brief
Garrard County Median Owner Costs Above State Mean
Median selected monthly owner costs in Garrard County, Kentucky, were $895, a figure that is $142 higher than the state unweighted county mean of $753. The median home value in the county was estimated at $204,900, which is $44,065 above the state unweighted county mean of $160,835. For renter-occupied units, the median gross rent was $794 per month, closely aligned with the Kentucky unweighted county mean of $793. The official median gross rent as a percentage of household income (GRAPI) was 29.3%, which is 2.1 percentage points higher than the state unweighted county mean of 27.2%. The median renter-household income was $38,147 during the 2020-2024 estimate period. These data points provide an overview of the local housing cost landscape based on U.S. Census Bureau records. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Garrard County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.3% of renter household income in Garrard County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $794 per month; median selected monthly owner costs are $895. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $31,760 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Kentucky unweighted mean of county median rents is $793 per month. Garrard County's $794 median is 0.1% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Garrard County
Rent Burden
15.1%
of gross income
Max Housing (28% Rule)
$1,472
per month
Owner Cost Burden
17.0%
of gross income
The median home in Garrard County may be a stretch
Median home value is $204,900. Estimated monthly cost: $1,636 vs. your max of $1,472.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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 Garrard County, Kentucky?
What is the median rent in Garrard County?
Is Garrard County affordable?
How does Garrard County's rent compare to the state average?
What is the median home value in Garrard County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Garrard County, Kentucky? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Garrard County
Whether you're buying in Garrard County, Kentucky, or refinancing, compare rates from top lenders using the terms each lender provides.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.