CostBy County

Cost of Living in Lawrence County, Kentucky

$760/mo
Median Monthly Rent
$111,700
Median Home Value

At a Glance

Median Monthly Rent
$760/mo
4% below state average
Median Home Value
$111,700
66% below national
Census GRAPI
29.0%
Median gross rent as % of renter income

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Affordable
Median gross rent is under 30% of renter household income

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 Lawrence County Compares

Median monthly rent comparison

Lawrence County$760/mo
Kentucky Average$793/mo
National Median$1,413/mo

Detailed Housing Stats

$760/mo
Median Gross Rent
$111,700
Median Home Value
$572/mo
Monthly Owner Cost
29.0%
Census GRAPI

National Ranking

Affordability Rank

Lawrence County ranks #421 of 3,142 counties for affordability (top 13%)

Most AffordableLeast Affordable

Sourced county brief

Lawrence County GRAPI Snapshot at 29.0 Percent

The official ACS B25071 median gross rent as a percentage of household income (GRAPI) in Lawrence County is 29.0%. This canonical rent-to-income percentage is 1.8 percentage points above the Kentucky unweighted county mean of 27.2%. Median gross rent in the county is $760, compared to the state unweighted mean of $793. For homeowners, the median home value is $111,700, which is $49,135 below the state unweighted county mean of $160,835. Median selected monthly owner costs for all owner-occupied units are $572, while the state unweighted mean is $753. The median renter-household income was estimated at $28,523. All reported figures are from the ACS 2020-2024 5-Year Estimates. See ACS table B25071 for the underlying estimate.

Cost of Living Advisory: Lawrence County

Affordability Verdict

ACS B25071 estimates median gross rent at 29.0% of renter household income in Lawrence County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.

Rent vs. Own

Median gross rent is $760 per month; median selected monthly owner costs are $572. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.

Income Needed

Using the common 30% budgeting benchmark, $30,400 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. Lawrence County's $760 median is 4.2% below that comparison value.

Data version acs5-2020-2024 · Method cost-advisory-v2

Affordability Calculator

See how your income compares to housing costs in Lawrence County

$

Rent Burden

19.5%

of gross income

Max Housing (28% Rule)

$1,091

per month

Owner Cost Burden

14.7%

of gross income

You can likely afford the median home in Lawrence County

Median home value is $111,700. Estimated monthly cost: $892 vs. your max of $1,091.

Rent Affordability Guide

Your entered rent as a share of entered income19.5%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $46,772Needed: $30,400
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $46,772Needed: $24,514
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $46,772Needed: $25,996

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

What is the cost of living in Lawrence County, Kentucky?
Lawrence County, Kentucky has a median monthly rent of $760/mo and a median home value of $111,700. The affordability rating is Affordable, with median gross rent equal to approximately 29.0% of renter household income.
What is the median rent in Lawrence County?
The median gross rent in Lawrence County is $760/mo. This is 4% below state average for Kentucky.
Is Lawrence County affordable?
Lawrence County is rated Affordable using the Census median gross-rent-as-a-percentage-of-income measure of 29.0%. Median gross rent is under 30% of renter household income.
How does Lawrence County's rent compare to the state average?
Lawrence County's median rent of $760/mo is 4% below state average of $793/mo for Kentucky.
What is the median home value in Lawrence County?
The median home value in Lawrence County, Kentucky is $111,700. This is 66% below the national median home value of $332,700.

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Published by the CostByCounty Editorial Team. See our methodology and corrections policy.Data build reviewed 2026-07-09; first published 2026-03-10.

Data: 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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