Cost of Living in Meade County, Kentucky

$976/mo
Median Monthly Rent
$195,000
Median Home Value
27% above state averageUnaffordable

At a Glance

Median Monthly Rent
$976/mo
27% above state average
Median Home Value
$195,000
31% below national
Rent-to-Income Ratio
24.0%
% 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 Meade County Compares

Median monthly rent comparison

Meade County$976/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$976/mo
Median Gross Rent
$195,000
Median Home Value
$893/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Meade County, Kentucky

Meade County rents strain household budgets

Meade County's rent-to-income ratio of 16.7% sits just below Kentucky's state average of 17.0% but significantly exceeds the national norm. Renters here pay $976 monthly on a median household income of $70,163, placing housing costs well above the affordable threshold.

Middle of the Kentucky pack

Meade County's 16.7% rent-to-income ratio places it near the state average of 17.0%, making it a middle-tier option for housing affordability in Kentucky. Neither a bargain nor particularly expensive, Meade reflects statewide cost pressures.

Costlier rents than nearby counties

Meade's $976 monthly rent is the highest among its regional neighbors—nearly 60% above McLean County's $602 and well above Menifee County's $634. This rent premium reflects higher housing demand and values in Meade, where the median home price reaches $195,000.

Housing costs: rent vs. ownership

Renters in Meade County spend $976 monthly (16.7% of income), while homeowners face an $893 monthly cost with a median home value of $195,000. Housing consumes a notably larger share of household budgets here compared to more affordable counties in the region.

Budget carefully in Meade County

Meade County's housing costs run near the state average, making it a reasonable option for those with steady incomes but not ideal for budget-conscious relocators. Compare rent and home prices carefully against nearby McLean or Menifee before committing to a move.

Affordability Calculator

See how your income compares to housing costs in Meade County

$

Rent Burden

16.7%

of gross income

Max Housing (28% Rule)

$1,637

per month

Owner Cost Burden

15.3%

of gross income

You can likely afford the median home in Meade County

Median home value is $195,000. Estimated monthly cost: $1,557 vs. your max of $1,637.

Rent Affordability Guide

Your rent-to-income ratio16.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Meade County, Kentucky?
Meade County, Kentucky has a median monthly rent of $976/mo and a median home value of $195,000. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Meade County?
The median gross rent in Meade County is $976/mo. This is 27% above state average for Kentucky.
Is Meade County affordable?
Meade County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Meade County's rent compare to the state average?
Meade County's median rent of $976/mo is 27% above state average of $771/mo for Kentucky.
What is the median home value in Meade County?
The median home value in Meade County, Kentucky is $195,000. This is 31% 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.