Cost of Living in Marion County, Kentucky

$731/mo
Median Monthly Rent
$158,700
Median Home Value
5% below state averageUnaffordable

At a Glance

Median Monthly Rent
$731/mo
5% below state average
Median Home Value
$158,700
44% below national
Rent-to-Income Ratio
28.0%
% 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 Marion County Compares

Median monthly rent comparison

Marion County$731/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$731/mo
Median Gross Rent
$158,700
Median Home Value
$741/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Marion County, Kentucky

Marion balances income and housing well

Marion County's 15.8% rent-to-income ratio edges below Kentucky's 17% state average, providing genuine affordability despite a median income of $55,404 that trails the national $74,755. Low housing costs relative to earnings make this county an underrated option.

Above-average housing affordability

Marion ranks in the top tier of Kentucky counties for affordability, with a 15.8% rent-to-income ratio beating the state average of 17%. Its $731 median rent falls just below Kentucky's median, reflecting a sweet spot for cost-conscious Kentuckians.

The region's most affordable rents

Marion's $731 monthly rent is the lowest among neighboring Madison ($851), Marshall ($773), Mason ($724), and McCreary ($588) counties. This affordability advantage, paired with a $55,404 median income, positions Marion as the region's best value.

Rent and ownership costs align

Marion renters spend $731 monthly (15.8% of income) while owners pay nearly identical $741, suggesting a well-balanced housing market. The median home value of $158,700 is accessible to moderate-income families in a county where housing doesn't dominate the budget.

Marion delivers true affordability

If you're seeking the lowest housing costs without sacrificing regional stability, Marion outshines neighbors on rent while maintaining decent median income prospects. Compare Marion's $731 rent to Marshall's $773 or Madison's $851 to quantify your savings.

Affordability Calculator

See how your income compares to housing costs in Marion County

$

Rent Burden

15.8%

of gross income

Max Housing (28% Rule)

$1,293

per month

Owner Cost Burden

16.0%

of gross income

You can likely afford the median home in Marion County

Median home value is $158,700. Estimated monthly cost: $1,267 vs. your max of $1,293.

Rent Affordability Guide

Your rent-to-income ratio15.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Marion County, Kentucky?
Marion County, Kentucky has a median monthly rent of $731/mo and a median home value of $158,700. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Marion County?
The median gross rent in Marion County is $731/mo. This is 5% below state average for Kentucky.
Is Marion County affordable?
Marion County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Marion County's rent compare to the state average?
Marion County's median rent of $731/mo is 5% below state average of $771/mo for Kentucky.
What is the median home value in Marion County?
The median home value in Marion County, Kentucky is $158,700. This is 44% 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.