Cost of Living in Menifee County, Kentucky

$634/mo
Median Monthly Rent
$111,500
Median Home Value
18% below state averageUnaffordable

At a Glance

Median Monthly Rent
$634/mo
18% below state average
Median Home Value
$111,500
60% 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 Menifee County Compares

Median monthly rent comparison

Menifee County$634/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$634/mo
Median Gross Rent
$111,500
Median Home Value
$464/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Menifee County, Kentucky

Menifee County faces affordability challenges

Menifee County's rent-to-income ratio of 17.0% matches Kentucky's state average exactly but reflects deeper challenges: the median household income here is just $44,672—38% below the national median of $74,755. Renters pay $634 monthly, which is manageable in isolation but stretches tighter incomes.

Lowest incomes, average rents

Menifee County sits at the state's 17.0% rent-to-income average, but its median household income of $44,672 is among Kentucky's lowest. This combination means housing costs consume roughly the same share of income as elsewhere in the state, but on much smaller paychecks.

Cheap rents, lower incomes

Menifee's $634 rent is lower than Meade County's $976 and comparable to McLean's $602, yet Menifee's median income of $44,672 is notably lower than both neighbors. This income gap makes affordability ratios less meaningful—residents here earn less even as housing costs remain modest.

Housing costs: rent vs. ownership

Renters in Menifee pay $634 monthly (17.0% of income), while homeowners spend $464 monthly with a median home value of just $111,500. Ownership is more affordable here than renting, and home prices reflect the county's economic challenges and lower demand.

Menifee works if jobs are secure

Menifee offers the region's cheapest housing, but consider the trade-off: median incomes lag significantly behind neighboring counties, suggesting limited job opportunities. If you're relocating with secure remote work or a job lined up, Menifee's low costs make it attractive; otherwise, explore counties with stronger employment prospects.

Affordability Calculator

See how your income compares to housing costs in Menifee County

$

Rent Burden

17.0%

of gross income

Max Housing (28% Rule)

$1,042

per month

Owner Cost Burden

12.5%

of gross income

You can likely afford the median home in Menifee County

Median home value is $111,500. Estimated monthly cost: $890 vs. your max of $1,042.

Rent Affordability Guide

Your rent-to-income ratio17.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Menifee County, Kentucky?
Menifee County, Kentucky has a median monthly rent of $634/mo and a median home value of $111,500. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Menifee County?
The median gross rent in Menifee County is $634/mo. This is 18% below state average for Kentucky.
Is Menifee County affordable?
Menifee 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 Menifee County's rent compare to the state average?
Menifee County's median rent of $634/mo is 18% below state average of $771/mo for Kentucky.
What is the median home value in Menifee County?
The median home value in Menifee County, Kentucky is $111,500. This is 60% 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.