Cost of Living in Lee County, Kentucky

$593/mo
Median Monthly Rent
$82,100
Median Home Value
23% below state averageUnaffordable

At a Glance

Median Monthly Rent
$593/mo
23% below state average
Median Home Value
$82,100
71% below national
Rent-to-Income Ratio
32.0%
% of income spent on rent

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

Affordability Rating
Unaffordable
Rent over 50% of income

How Lee County Compares

Median monthly rent comparison

Lee County$593/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$593/mo
Median Gross Rent
$82,100
Median Home Value
$471/mo
Monthly Owner Cost
32.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Lee County, Kentucky

Lee County's rent burden tops national norm

Renters in Lee County spend 20.8% of their household income on rent, compared to the nation's typical burden of around 28–30% of income. While this sounds manageable, Lee County's median household income of $34,182 is less than half the national median of $74,755, making even "affordable" rent a squeeze.

Above Kentucky's affordability average

Lee County's 20.8% rent-to-income ratio exceeds Kentucky's state average of 17.0%, placing it among less affordable counties in the Commonwealth. At $593 per month, median rent is notably lower than the state average of $771, but local incomes are proportionally lower too.

Cheaper rent, similar income struggles

Lee County's $593 median rent is the lowest among its regional neighbors—Leslie County renters pay $520, Letcher $651, and Lewis $757. However, Lee County's median income of $34,182 remains among the lowest in this group, making affordability a relative strength.

Renting vs. owning in Lee County

Monthly rent averages $593 while homeowners pay $471, making purchase more affordable than rent—though the median home value of $82,100 still requires substantial savings. With a median household income of $34,182 annually ($2,848/month), housing consumes over 20% of the typical family's budget.

Consider Lee if you value affordability

Lee County offers some of the region's lowest housing costs, particularly for homebuyers, making it attractive for those prioritizing affordable homeownership. Compare this county's tight labor market and income levels carefully against your own employment prospects before relocating.

Affordability Calculator

See how your income compares to housing costs in Lee County

$

Rent Burden

20.8%

of gross income

Max Housing (28% Rule)

$798

per month

Owner Cost Burden

16.5%

of gross income

You can likely afford the median home in Lee County

Median home value is $82,100. Estimated monthly cost: $655 vs. your max of $798.

Rent Affordability Guide

Your rent-to-income ratio20.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Lee County, Kentucky?
Lee County, Kentucky has a median monthly rent of $593/mo and a median home value of $82,100. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.
What is the median rent in Lee County?
The median gross rent in Lee County is $593/mo. This is 23% below state average for Kentucky.
Is Lee County affordable?
Lee County is rated Unaffordable based on rent-to-income ratio of 32.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lee County's rent compare to the state average?
Lee County's median rent of $593/mo is 23% below state average of $771/mo for Kentucky.
What is the median home value in Lee County?
The median home value in Lee County, Kentucky is $82,100. This is 71% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.