Cost of Living in Marshall County, Kentucky

$773/mo
Median Monthly Rent
$173,700
Median Home Value
0% above state averageUnaffordable

At a Glance

Median Monthly Rent
$773/mo
0% above state average
Median Home Value
$173,700
38% below national
Rent-to-Income Ratio
31.0%
% 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 Marshall County Compares

Median monthly rent comparison

Marshall County$773/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$773/mo
Median Gross Rent
$173,700
Median Home Value
$804/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Marshall County, Kentucky

Marshall avoids the affordability squeeze

Marshall County residents spend just 14.6% of income on rent—the lowest ratio among peer counties and well below Kentucky's 17% average. With a median household income of $63,611 nearing the national $74,755, Marshall combines stronger earnings with controlled housing costs.

Kentucky's affordability leaders

Marshall County ranks among Kentucky's best for housing affordability, with a 14.6% rent-to-income ratio that undercuts the state average by 2.4 percentage points. This efficiency reflects both reasonable rents and above-average household earnings for the state.

Strong income lifts affordability rank

Marshall's $63,611 median income tops all neighbors except Madison ($62,407), paired with $773 rent just above Marion's low of $731. This income strength makes Marshall's housing costs feel lighter than regional peers.

Balanced rent and ownership costs

Marshall renters allocate $773 monthly (14.6% of income) while owners pay $804, both figures consuming similar modest shares of the $63,611 median income. The median home value of $173,700 remains accessible to local wage earners.

Marshall combines income and value

Marshall offers perhaps the best overall package: strong median income ($63,611), low rent burden (14.6%), and a $173,700 median home value that won't stretch you thin. If you want regional stability with affordability, Marshall merits comparison to Madison and Marion.

Affordability Calculator

See how your income compares to housing costs in Marshall County

$

Rent Burden

14.6%

of gross income

Max Housing (28% Rule)

$1,484

per month

Owner Cost Burden

15.2%

of gross income

You can likely afford the median home in Marshall County

Median home value is $173,700. Estimated monthly cost: $1,387 vs. your max of $1,484.

Rent Affordability Guide

Your rent-to-income ratio14.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Marshall County, Kentucky?
Marshall County, Kentucky has a median monthly rent of $773/mo and a median home value of $173,700. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Marshall County?
The median gross rent in Marshall County is $773/mo. This is 0% above state average for Kentucky.
Is Marshall County affordable?
Marshall County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Marshall County's rent compare to the state average?
Marshall County's median rent of $773/mo is 0% above state average of $771/mo for Kentucky.
What is the median home value in Marshall County?
The median home value in Marshall County, Kentucky is $173,700. This is 38% 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.