Cost of Living in Grayson County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Grayson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grayson County ranks #433 of 3,144 counties for affordability (top 14%)
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.
Cost of Living Advisory: Grayson County
Affordability Verdict
For renters in Grayson County, the market is affordable. Expect to pay around $653/month in gross rent, with 23.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Grayson County pay $653/month on average, compared to $648/month for homeowners. This market favors buyers by about 1%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $26,120/year. For owner costs at the 28% rule, the required income is roughly $27,771/year. With a median household income of $49,893, most households can comfortably afford rent here. Notably, 23.0% of renter households in Grayson County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to McLean County where rent averages $602/month, Grayson County is approximately 8% more expensive.
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
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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