Cost of Living in Metcalfe County, Kentucky

$549/mo
Median Monthly Rent
$103,100
Median Home Value
29% below state averageUnaffordable

At a Glance

Median Monthly Rent
$549/mo
29% below state average
Median Home Value
$103,100
63% 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 Metcalfe County Compares

Median monthly rent comparison

Metcalfe County$549/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$549/mo
Median Gross Rent
$103,100
Median Home Value
$558/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Metcalfe County, Kentucky

Metcalfe County offers genuine affordability

Metcalfe County's rent-to-income ratio of 13.6% sits well below Kentucky's 17.0% state average and well within the affordable range nationally. Renters pay $549 monthly on a median household income of $48,572—low costs on limited income, but proportionally fair.

Among Kentucky's most affordable

At 13.6%, Metcalfe County's rent-to-income ratio ranks better than most Kentucky counties, trailing only a few like McLean (10.2%). This places Metcalfe among the state's best options for housing affordability.

Metcalfe leads in affordability ratios

Metcalfe's 13.6% rent-to-income ratio outperforms most neighboring counties, beating Monroe's 15.3% and Morgan's 16.9%. Rent at $549 is among the region's lowest, second only to McLean's $602.

Housing costs: rent vs. ownership

Renters in Metcalfe pay $549 monthly (13.6% of income), while homeowners spend $558 monthly with a median home value of $103,100. Ownership and rental costs are nearly identical here, offering flexibility in choosing a housing path.

Metcalfe: small town, big savings

Metcalfe delivers genuine affordability with one of Kentucky's lowest rent-to-income ratios and minimal housing costs overall. It's ideal for relocators prioritizing low expenses, though job opportunities may be limited given the county's smaller size and lower median income.

Affordability Calculator

See how your income compares to housing costs in Metcalfe County

$

Rent Burden

13.6%

of gross income

Max Housing (28% Rule)

$1,133

per month

Owner Cost Burden

13.8%

of gross income

You can likely afford the median home in Metcalfe County

Median home value is $103,100. Estimated monthly cost: $823 vs. your max of $1,133.

Rent Affordability Guide

Your rent-to-income ratio13.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Metcalfe County, Kentucky?
Metcalfe County, Kentucky has a median monthly rent of $549/mo and a median home value of $103,100. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Metcalfe County?
The median gross rent in Metcalfe County is $549/mo. This is 29% below state average for Kentucky.
Is Metcalfe County affordable?
Metcalfe 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 Metcalfe County's rent compare to the state average?
Metcalfe County's median rent of $549/mo is 29% below state average of $771/mo for Kentucky.
What is the median home value in Metcalfe County?
The median home value in Metcalfe County, Kentucky is $103,100. This is 63% 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.