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)
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 Graves County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Graves County ranks #976 of 3,142 counties for affordability (top 31%)
Sourced county brief
Graves County Official GRAPI Estimated at 28.9 Percent
According to the ACS 2020-2024 5-Year Estimates, the official Gross Rent as a Percentage of Household Income (GRAPI) in Graves County was 28.9%. This official B25071 figure is 1.7 percentage points higher than the unweighted Kentucky county mean for official GRAPI, which was 27.2%. The median gross rent for the county was $775, which is $18 below the Kentucky unweighted county mean of $793. For owner-occupied units, the median monthly owner cost was estimated at $777, whereas the state unweighted county mean was $753. The median value for a home in the county was $147,800, compared to the Kentucky unweighted county mean of $160,835. Renter-household median income for Graves County was $32,817. These values represent a snapshot of data collected over the five-year period ending in 2024. 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: Graves County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.9% of renter household income in Graves 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 $775 per month; median selected monthly owner costs are $777. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $31,000 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. Graves County's $775 median is 2.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Graves County
Rent Burden
18.3%
of gross income
Max Housing (28% Rule)
$1,185
per month
Owner Cost Burden
18.4%
of gross income
You can likely afford the median home in Graves County
Median home value is $147,800. Estimated monthly cost: $1,180 vs. your max of $1,185.
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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