Cost of Living in Mercer County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Mercer County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Mercer County, Kentucky
Mercer County: solid affordability choice
Mercer County's rent-to-income ratio of 15.3% beats both Kentucky's state average of 17.0% and sits well within the affordable range. With a median household income of $63,115 and monthly rent at $802, Mercer offers balanced housing costs compared to national trends.
Top-tier Kentucky affordability
Mercer County ranks among Kentucky's more affordable counties with a 15.3% rent-to-income ratio, outperforming the state average of 17.0%. This places Mercer in the upper tier for housing value across the commonwealth.
Mercer competes well regionally
Mercer County's 15.3% rent-to-income ratio edges out Montgomery County's 16.6% and Morgan County's 16.9%, though it trails McLean's exceptional 10.2%. At $802 monthly rent, Mercer sits between the region's cheapest and most expensive options.
Housing costs: rent vs. ownership
Renters in Mercer spend $802 monthly (15.3% of income), while homeowners carry an $848 monthly cost with a median home value of $189,700. Both rental and ownership pathways remain accessible on the $63,115 median household income.
Mercer County balances cost and value
Mercer offers solid housing affordability above the state average, with reasonable home values ($189,700) and competitive rents. It's a smart choice for relocators seeking a balance between cost, property values, and regional stability.
Affordability Calculator
See how your income compares to housing costs in Mercer County
Rent Burden
15.2%
of gross income
Max Housing (28% Rule)
$1,473
per month
Owner Cost Burden
16.1%
of gross income
The median home in Mercer County may be a stretch
Median home value is $189,700. Estimated monthly cost: $1,514 vs. your max of $1,473.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.