Cost of Living in Henry County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Henry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Henry County ranks #1,430 of 3,144 counties for affordability (top 45%)
Data Story
About Cost of Living in Henry County, Kentucky
Henry County edges above state average costs
Renters in Henry County spend 17.2% of income on housing, edging above Kentucky's 17.0% state average and pushing into affordability concerns. Median rent of $871 runs notably higher than the state median of $771, yet median household income at $60,736 provides moderate support.
Below-average affordability in Kentucky
Henry County's rent-to-income ratio of 17.2% ranks it in the bottom third of Kentucky counties for affordability. Higher housing costs relative to incomes suggest tighter household budgets compared to the state's more affordable regions.
Most expensive rents in the region
Henry County's $871 monthly rent stands as the highest among these eight counties, 16% above the regional median and $100 above Harrison County. Its median home value of $181,300 ranks third-highest, positioning Henry as a pricier option overall.
Housing takes significant income share
Renters pay $871 monthly while homeowners pay $1,001, both consuming a noticeable chunk of the $60,736 median income. Together, these costs represent 17.2% of gross income for renters and roughly 20% for owners—above comfortable levels.
Henry County requires higher household income
Henry County suits households earning $70,000 or more who want newer housing and can absorb 17%+ of income going to rent. If you're considering Henry, ensure your income aligns, and compare against nearby Harrison County's more affordable alternatives.
Cost of Living Advisory: Henry County
Affordability Verdict
Henry County is affordable for renters, with a median gross rent of $871/month representing approximately 17.2% of median household income. The rent burden (GRAPI) stands at 32.0%.
Rent vs. Own
The median rent in Henry County is $871/month, while owner costs run $1,001/month. Renting saves approximately $130/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,840/year. For owner costs at the 28% rule, the required income is roughly $42,900/year. With a median household income of $60,736, most households can comfortably afford rent here. Notably, 32.0% of renter households in Henry County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Kentucky, Henry County is more affordable than Larue County by roughly 7% ($871/mo vs $816/mo).
Affordability Calculator
See how your income compares to housing costs in Henry County
Rent Burden
17.2%
of gross income
Max Housing (28% Rule)
$1,417
per month
Owner Cost Burden
19.8%
of gross income
The median home in Henry County may be a stretch
Median home value is $181,300. Estimated monthly cost: $1,447 vs. your max of $1,417.
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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