Cost of Living in Grayson County, Kentucky

$653/mo
Median Monthly Rent
$160,100
Median Home Value
15% below state averageUnaffordable

At a Glance

Median Monthly Rent
$653/mo
15% below state average
Median Home Value
$160,100
43% below national
Rent-to-Income Ratio
23.0%
% 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 Grayson County Compares

Median monthly rent comparison

Grayson County$653/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$653/mo
Median Gross Rent
$160,100
Median Home Value
$648/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Grayson County, Kentucky

Grayson County punches above affordability

Grayson County renters spend just 15.7% of income on housing, a solid showing against national standards where renters typically devote 28-30% of earnings to rent. At $653 monthly on a $49,893 median income, the county delivers genuine affordability.

Among Kentucky's most affordable

With a 15.7% rent-to-income ratio, Grayson County beats Kentucky's 17.0% state average and ranks toward the affordability-friendly end of the state's county spectrum. Median rent of $653 is the lowest in this dataset, though local incomes are similarly modest.

Lowest rents in the region

Grayson County's $653 rent undercuts all comparable counties, including Graves County ($713) and Green County ($612)—actually tied with Green for the region's lowest. This affordability advantage compounds the county's appeal to budget-conscious renters.

Tight but manageable housing costs

Renters in Grayson pay $653 monthly while homeowners carry $648 on a median household income of $49,893. Both rent and mortgage consume roughly 15-16% of household earnings, a sustainable level for most families.

Budget movers, take note

Grayson County offers some of Kentucky's lowest rents without sacrificing affordability ratios, making it compelling for those prioritizing low housing costs. Cross-check local job availability and wages in your field to ensure the income side matches this housing bargain.

Affordability Calculator

See how your income compares to housing costs in Grayson County

$

Rent Burden

15.7%

of gross income

Max Housing (28% Rule)

$1,164

per month

Owner Cost Burden

15.6%

of gross income

The median home in Grayson County may be a stretch

Median home value is $160,100. Estimated monthly cost: $1,278 vs. your max of $1,164.

Rent Affordability Guide

Your rent-to-income ratio15.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Grayson County, Kentucky?
Grayson County, Kentucky has a median monthly rent of $653/mo and a median home value of $160,100. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Grayson County?
The median gross rent in Grayson County is $653/mo. This is 15% below state average for Kentucky.
Is Grayson County affordable?
Grayson County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Grayson County's rent compare to the state average?
Grayson County's median rent of $653/mo is 15% below state average of $771/mo for Kentucky.
What is the median home value in Grayson County?
The median home value in Grayson County, Kentucky is $160,100. This is 43% 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.