Cost of Living in McLean County, Kentucky

$602/mo
Median Monthly Rent
$145,600
Median Home Value
22% below state averageUnaffordable

At a Glance

Median Monthly Rent
$602/mo
22% below state average
Median Home Value
$145,600
48% below national
Rent-to-Income Ratio
23.0%
% 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 McLean County Compares

Median monthly rent comparison

McLean County$602/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$602/mo
Median Gross Rent
$145,600
Median Home Value
$697/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in McLean County, Kentucky

McLean County rents hit a sweet spot

At 10.2%, McLean County's rent-to-income ratio sits well below the national norm and beats Kentucky's state average of 17.0%. Renters here spend about $602 monthly on housing while earning a median household income of $70,549—a level of affordability that's genuinely rare in today's market.

Among Kentucky's most affordable

McLean County ranks among the state's most housing-affordable counties, with its 10.2% rent-to-income ratio significantly outperforming the 17.0% state average. This advantage extends to median home values too, at $145,600, making both rental and ownership options accessible.

McLean beats nearby counties

Compared to surrounding counties, McLean offers the lowest rent-to-income burden in the region at 10.2%, versus Mercer County's 15.3% or Morgan County's 16.9%. Median rent in McLean is just $602, well below the state average of $771 and cheaper than nearby Meade County's $976.

Housing costs: rent vs. ownership

Renters in McLean County spend $602 monthly (10.2% of income), while homeowners carry an $697 monthly cost with a median home value of $145,600. Together, these figures show that both paths to housing remain manageable on a median income of $70,549.

Consider McLean for value

If affordable housing is your priority, McLean County delivers: low rents, low ownership costs, and a rent-to-income ratio that's nearly half the state average. It's worth comparing against other Kentucky counties if you're weighing a move to the region.

Affordability Calculator

See how your income compares to housing costs in McLean County

$

Rent Burden

10.2%

of gross income

Max Housing (28% Rule)

$1,646

per month

Owner Cost Burden

11.9%

of gross income

You can likely afford the median home in McLean County

Median home value is $145,600. Estimated monthly cost: $1,162 vs. your max of $1,646.

Rent Affordability Guide

Your rent-to-income ratio10.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in McLean County, Kentucky?
McLean County, Kentucky has a median monthly rent of $602/mo and a median home value of $145,600. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in McLean County?
The median gross rent in McLean County is $602/mo. This is 22% below state average for Kentucky.
Is McLean County affordable?
McLean County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does McLean County's rent compare to the state average?
McLean County's median rent of $602/mo is 22% below state average of $771/mo for Kentucky.
What is the median home value in McLean County?
The median home value in McLean County, Kentucky is $145,600. This is 48% 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.