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)
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 Grant County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grant County ranks #1,516 of 3,142 counties for affordability (top 48%)
Sourced county brief
Grant County Median Home Value Reaches $209,500 in 2024 Estimates
In Grant County, the median home value was estimated at $209,500, which is above the Kentucky unweighted county mean of $160,835. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 23.7% for renter-occupied units. This canonical rent-to-income percentage is 3.5 percentage points lower than the state unweighted county mean of 27.2%. Median gross rent in the county was reported at $862 per month, while the median selected monthly owner cost for all owner-occupied units was $823. Among renter households, the median income was $42,917. These figures represent a snapshot of housing costs and income levels from the 2020-2024 ACS 5-Year Estimates. All financial values and percentages are presented as recorded in the source data without adjustment for local market factors. 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: Grant County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.7% of renter household income in Grant 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 $862 per month; median selected monthly owner costs are $823. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $34,480 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. Grant County's $862 median is 8.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Grant County
Rent Burden
15.0%
of gross income
Max Housing (28% Rule)
$1,614
per month
Owner Cost Burden
14.3%
of gross income
The median home in Grant County may be a stretch
Median home value is $209,500. Estimated monthly cost: $1,673 vs. your max of $1,614.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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