Cost of Living in Hopkins County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hopkins County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Hopkins County, Kentucky
Hopkins County edges above affordability threshold
Renters in Hopkins County spend 17.5% of income on housing, notably above Kentucky's 17.0% state average and above the national affordability comfort zone. Median rent of $841 runs substantially higher than the state median of $771, while median income of $57,610 provides limited cushion at 23% below the national median.
Below-average affordability within Kentucky
Hopkins County's 17.5% rent-to-income ratio places it in the least affordable quartile of Kentucky counties. Higher housing costs relative to local incomes suggest households here face tighter housing budgets.
High rents on modest incomes
Hopkins County's $841 rent is second-highest in this region behind only Henry County ($871), yet its median income of $57,610 is the lowest among the eight counties. This combination creates the steepest housing-to-income challenge here.
Housing absorbs significant income share
Renters pay $841 monthly while homeowners pay $693, a reversal that makes owning potentially more affordable than renting. On $57,610 income, renters spend 17.5% on housing while owners spend roughly 14%—suggesting a path to ownership might ease the affordability squeeze.
Hopkins requires careful financial planning
Hopkins County works best for renters willing to transition to ownership, where costs drop meaningfully, or for households earning $65,000+. If you're considering Hopkins, prioritize understanding the local job market and homeownership pathways.
Affordability Calculator
See how your income compares to housing costs in Hopkins County
Rent Burden
17.5%
of gross income
Max Housing (28% Rule)
$1,344
per month
Owner Cost Burden
14.4%
of gross income
You can likely afford the median home in Hopkins County
Median home value is $128,800. Estimated monthly cost: $1,028 vs. your max of $1,344.
Rent Affordability Guide
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.