Cost of Living in Grant County, Kentucky

$855/mo
Median Monthly Rent
$185,500
Median Home Value
11% above state averageUnaffordable

At a Glance

Median Monthly Rent
$855/mo
11% above state average
Median Home Value
$185,500
34% below national
Rent-to-Income Ratio
24.0%
% 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 Grant County Compares

Median monthly rent comparison

Grant County$855/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$855/mo
Median Gross Rent
$185,500
Median Home Value
$750/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Grant County, Kentucky

Grant County's affordable rents

Renters in Grant County spend 15.1% of their income on housing, well below the national average of roughly 28-30%. At $855 monthly rent against a median household income of $67,940, the county offers better affordability than most American communities.

Better than Kentucky average

Grant County's 15.1% rent-to-income ratio beats Kentucky's state average of 17.0%, positioning it in the more affordable half of the state's counties. The median rent of $855 exceeds the state average of $771, but local incomes are higher, creating better overall affordability.

Competitive with surrounding counties

Grant County's rents ($855) run higher than Hancock County ($752) but comparable to Hardin County ($947), while its rent-to-income ratio of 15.1% matches or beats most peers. Among its region, Grant offers middle-ground pricing with solid income levels.

Housing costs in Grant County

Renters pay $855 monthly while homeowners carry $750 in monthly costs against a median home value of $185,500. The typical household earning $67,940 annually dedicates roughly 15% to rent or 13% to mortgage payments, leaving room for other essentials.

Consider Grant for relocation

If you're weighing Kentucky options, Grant County delivers solid affordability without sacrificing income potential—median earnings top state peers like Graves and Grayson. Compare these numbers with your own situation to see if Grant's balance of reasonable housing costs and decent wages fits your move.

Affordability Calculator

See how your income compares to housing costs in Grant County

$

Rent Burden

15.1%

of gross income

Max Housing (28% Rule)

$1,585

per month

Owner Cost Burden

13.2%

of gross income

You can likely afford the median home in Grant County

Median home value is $185,500. Estimated monthly cost: $1,481 vs. your max of $1,585.

Rent Affordability Guide

Your rent-to-income ratio15.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Grant County, Kentucky?
Grant County, Kentucky has a median monthly rent of $855/mo and a median home value of $185,500. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Grant County?
The median gross rent in Grant County is $855/mo. This is 11% above state average for Kentucky.
Is Grant County affordable?
Grant County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Grant County's rent compare to the state average?
Grant County's median rent of $855/mo is 11% above state average of $771/mo for Kentucky.
What is the median home value in Grant County?
The median home value in Grant County, Kentucky is $185,500. This is 34% 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.