Cost of Living in Monroe County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Monroe County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Monroe County, Kentucky
Monroe County: moderate affordability
Monroe County's rent-to-income ratio of 15.3% beats Kentucky's state average of 17.0% and falls within the affordable range nationally. With median rent at $629 and a median household income of $49,430, housing costs remain manageable despite modest incomes.
Above-average Kentucky affordability
Monroe County ranks in the upper tier for affordability across Kentucky with a 15.3% rent-to-income ratio, outperforming the state average of 17.0%. This positions Monroe as a solid housing value option within the commonwealth.
Monroe compares favorably to region
Monroe's 15.3% rent-to-income ratio matches Mercer County exactly and beats most other neighbors, though it trails Metcalfe's 13.6%. At $629 monthly rent, Monroe sits in the region's lower-cost tier.
Housing costs: rent vs. ownership
Renters in Monroe pay $629 monthly (15.3% of income), while homeowners carry a $623 monthly cost with a median home value of $116,300. Rental and ownership costs are nearly balanced, providing options across housing preferences.
Monroe County delivers steady value
Monroe County offers better-than-average affordability with modest rents, low home values, and housing costs that fit comfortably within tight budgets. It's a practical choice for relocators seeking small-town living with genuine housing value.
Affordability Calculator
See how your income compares to housing costs in Monroe County
Rent Burden
15.3%
of gross income
Max Housing (28% Rule)
$1,153
per month
Owner Cost Burden
15.1%
of gross income
You can likely afford the median home in Monroe County
Median home value is $116,300. Estimated monthly cost: $928 vs. your max of $1,153.
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.