Cost of Living in Montgomery County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Montgomery County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Montgomery County ranks #2,165 of 3,144 counties for affordability (bottom 31%)
Data Story
About Cost of Living in Montgomery County, Kentucky
Montgomery County near state average
Montgomery County's rent-to-income ratio of 16.6% sits just below Kentucky's state average of 17.0%, reflecting typical housing pressures across the state. Renters pay $796 monthly on a median household income of $57,468, placing housing costs squarely in the state's middle range.
Typical Kentucky housing costs
At 16.6%, Montgomery County's rent-to-income ratio nearly matches the state average of 17.0%, positioning it as representative of Kentucky's broader housing challenges. It's neither an outlier for affordability nor a burden.
Montgomery near regional middle
Montgomery's 16.6% rent-to-income ratio sits between Mercer's 15.3% and Morgan's 16.9%, with monthly rent at $796 placing it mid-range among nearby counties. Home values of $163,800 reflect moderate demand and economic activity.
Housing costs: rent vs. ownership
Renters in Montgomery pay $796 monthly (16.6% of income), while homeowners spend $846 monthly with a median home value of $163,800. Both pathways require similar monthly commitments, with ownership slightly higher but offering long-term equity.
Montgomery: standard Kentucky option
Montgomery County reflects typical Kentucky housing costs and economics—neither a bargain nor a burden, but stable and representative. If you're relocating to the region and value consistency over exceptional savings, Montgomery is a solid baseline choice.
Cost of Living Advisory: Montgomery County
Affordability Verdict
Housing in Montgomery County is affordable. The median rent is $796/month against a median household income of $57,468, putting rent at 16.6% of income.
Rent vs. Own
The median rent in Montgomery County is $796/month, while owner costs run $846/month. Renting saves approximately $50/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,840/year. For owner costs at the 28% rule, the required income is roughly $36,257/year. With a median household income of $57,468, most households can comfortably afford rent here. Notably, 22.0% of renter households in Montgomery County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Bourbon County where rent averages $745/month, Montgomery County is approximately 7% more expensive.
Affordability Calculator
See how your income compares to housing costs in Montgomery County
Rent Burden
16.6%
of gross income
Max Housing (28% Rule)
$1,341
per month
Owner Cost Burden
17.7%
of gross income
You can likely afford the median home in Montgomery County
Median home value is $163,800. Estimated monthly cost: $1,308 vs. your max of $1,341.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
What is the cost of living in Montgomery County, Kentucky?
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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.
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