Cost of Living in Graves County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Graves County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Graves County, Kentucky
Graves County rents eat more income
Renters in Graves County spend 16.9% of income on housing, slightly below the national benchmark but meaningful on a median household income of just $50,576. At $713 monthly, rent is cheaper in raw dollars than the nation's typical rental.
Nearly at state average affordability
Graves County's 16.9% rent-to-income ratio sits just below Kentucky's 17.0% state average, placing it near the middle of state county rankings. The median rent of $713 is notably lower than the state's $771, though local incomes are also below state medians.
Lower rents, lower incomes nearby
Graves County's $713 rent is among the lowest in its region, undershooting Hancock County ($752) and Hardin County ($947). However, its median income of $50,576 is also on the lower end, making the affordability ratio competitive but not exceptional.
Stretching dollars in Graves County
Renters allocate $713 monthly while homeowners pay $741, both on a median household income of $50,576. Housing—whether rented or owned—claims roughly 17% of income, leaving tight budgets for other costs like healthcare and transportation.
Affordability with trade-offs
Graves County offers genuinely low rents at $713, but median incomes lag state averages, suggesting lower-wage job markets. Relocators should verify employment opportunities align with your salary expectations before making the move.
Affordability Calculator
See how your income compares to housing costs in Graves County
Rent Burden
16.9%
of gross income
Max Housing (28% Rule)
$1,180
per month
Owner Cost Burden
17.6%
of gross income
You can likely afford the median home in Graves County
Median home value is $139,000. Estimated monthly cost: $1,110 vs. your max of $1,180.
Rent Affordability Guide
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.