Cost of Living in Lyon County, Kentucky

$809/mo
Median Monthly Rent
$183,600
Median Home Value
5% above state averageUnaffordable

At a Glance

Median Monthly Rent
$809/mo
5% above state average
Median Home Value
$183,600
35% below national
Rent-to-Income Ratio
22.0%
% 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 Lyon County Compares

Median monthly rent comparison

Lyon County$809/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$809/mo
Median Gross Rent
$183,600
Median Home Value
$762/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Lyon County, Kentucky

Lyon County balances higher homes and wages

Lyon County's rent-to-income ratio of 15.1% sits well below national affordability stress levels, with renters spending a manageable share of income on housing. The county's median household income of $64,464 is the region's highest and 14% below the national median, yet housing remains proportionally affordable.

Strong affordability with above-average income

Lyon County's 15.1% rent-to-income ratio beats Kentucky's state average of 17.0%, placing it among the state's most affordable counties. With median household income of $64,464—among the highest in rural Kentucky—residents enjoy both strong earnings and reasonable housing costs.

Highest incomes, highest home values

Lyon County's $809 median rent is mid-range regionally, but its $64,464 median household income is the cluster's highest, delivering excellent affordability. The county's $183,600 median home value is also the highest here, reflecting a stronger overall economic profile.

Premium homes command proportional owner costs

Renters pay $809 monthly while homeowners spend $762, making ownership competitive with renting despite the county's premium home values of $183,600. With median household income of $64,464, housing consumes only 15.1% of renter income and roughly 14% for owners—the region's best balance.

Lyon County: best overall housing value proposition

Lyon County offers the region's strongest income-to-housing balance, with the highest median incomes and excellent affordability ratios for both renters and buyers. If you seek higher-quality homes in a stable economic environment, Lyon County's $183,600 median home value delivers genuine regional value.

Affordability Calculator

See how your income compares to housing costs in Lyon County

$

Rent Burden

15.1%

of gross income

Max Housing (28% Rule)

$1,504

per month

Owner Cost Burden

14.2%

of gross income

You can likely afford the median home in Lyon County

Median home value is $183,600. Estimated monthly cost: $1,466 vs. your max of $1,504.

Rent Affordability Guide

Your rent-to-income ratio15.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Lyon County, Kentucky?
Lyon County, Kentucky has a median monthly rent of $809/mo and a median home value of $183,600. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Lyon County?
The median gross rent in Lyon County is $809/mo. This is 5% above state average for Kentucky.
Is Lyon County affordable?
Lyon County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lyon County's rent compare to the state average?
Lyon County's median rent of $809/mo is 5% above state average of $771/mo for Kentucky.
What is the median home value in Lyon County?
The median home value in Lyon County, Kentucky is $183,600. This is 35% 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.