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)
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 Henry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Henry County ranks #1,900 of 3,142 counties for affordability (bottom 40%)
Sourced county brief
Henry County Official GRAPI Surpasses State Unweighted County Mean
The official ACS B25071 median gross rent as a percentage of household income (GRAPI) in Henry County is 34.2%. This figure is 7.0 percentage points higher than the Kentucky unweighted county mean official GRAPI of 27.2%. Median gross rent in the county was estimated at $895 per month, which is above the state unweighted county mean of $793. The median home value is $197,900, compared to the state unweighted county mean of $160,835. Median selected monthly owner costs are $966, while the Kentucky unweighted county mean is $753. For renter-households, the median income was recorded at $36,662. These values represent the specific estimates provided by the Census Bureau for the 2020-2024 period without predicting future market changes. 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: Henry County
Affordability Verdict
ACS B25071 estimates median gross rent at 34.2% of renter household income in Henry County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $895 per month; median selected monthly owner costs are $966. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $35,800 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. Henry County's $895 median is 12.8% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Henry County
Rent Burden
17.0%
of gross income
Max Housing (28% Rule)
$1,478
per month
Owner Cost Burden
18.3%
of gross income
The median home in Henry County may be a stretch
Median home value is $197,900. Estimated monthly cost: $1,580 vs. your max of $1,478.
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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