Cost of Living in Hickman County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hickman County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hickman County ranks #135 of 3,144 counties for affordability (top 4%)
Data Story
About Cost of Living in Hickman County, Kentucky
Hickman County shows strong affordability advantage
Renters in Hickman County spend just 13.5% of income on housing—one of the best rates among these eight counties and well below Kentucky's 17.0% state average. Median rent of $717 runs low while median household income of $63,750 provides solid support, positioning Hickman as genuinely affordable.
Among Kentucky's most affordable options
Hickman County's 13.5% rent-to-income ratio ranks it in the top 20% of Kentucky counties for housing affordability. Few counties in the state offer this combination of reasonable rents and stable incomes.
Low rent, lowest home values
Hickman County's $717 rent ties with Jackson County as the lowest in the region, while its $92,300 median home value is the lowest across all eight counties. For renters and first-time homebuyers on tight budgets, Hickman offers real relief.
Minimal housing burden on budgets
Monthly housing costs are $717 for renters and just $585 for homeowners—both remarkably low. On a $63,750 income, this means housing consumes only 13.5% for renters and under 11% for owners, leaving substantial room for savings and other needs.
Hickman delivers genuine affordability
If housing affordability is your priority, Hickman County delivers—low costs without requiring a move to an economically struggling area. Your $63,750 income goes further here than in nearly any other Kentucky county.
Cost of Living Advisory: Hickman County
Affordability Verdict
Housing in Hickman County is affordable. The median rent is $717/month against a median household income of $63,750, putting rent at 13.5% of income.
Rent vs. Own
At $717/month rent versus $585/month in owner costs, owning is roughly $132/month cheaper — a 18% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $28,680/year. For owner costs at the 28% rule, the required income is roughly $25,071/year. With a median household income of $63,750, most households can comfortably afford rent here. Notably, 20.0% of renter households in Hickman County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Kentucky, Hickman County is more affordable than Wayne County by roughly 8% ($717/mo vs $666/mo).
Affordability Calculator
See how your income compares to housing costs in Hickman County
Rent Burden
13.5%
of gross income
Max Housing (28% Rule)
$1,488
per month
Owner Cost Burden
11.0%
of gross income
You can likely afford the median home in Hickman County
Median home value is $92,300. Estimated monthly cost: $737 vs. your max of $1,488.
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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