Cost of Living in Grant County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Grant County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grant County ranks #638 of 3,144 counties for affordability (top 20%)
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.
Cost of Living Advisory: Grant County
Affordability Verdict
Grant County offers affordable rental housing at a median of $855/month — about 15.1% of the typical household income here.
Rent vs. Own
Renters in Grant County pay $855/month on average, compared to $750/month for homeowners. This market favors buyers by about 12%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,200/year. For owner costs at the 28% rule, the required income is roughly $32,143/year. With a median household income of $67,940, most households can comfortably afford rent here. Notably, 24.0% of renter households in Grant County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Daviess County where rent averages $906/month, Grant County is approximately 6% less expensive.
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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
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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.
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