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
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.
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
Frequently Asked Questions
What is the cost of living in Montgomery County, Kentucky?
What is the median rent in Montgomery County?
Is Montgomery County affordable?
How does Montgomery County's rent compare to the state average?
What is the median home value in Montgomery County?
Planning a Move?
Researching the cost of living in Montgomery County, Kentucky? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCounties with Similar Housing Costs
Compare Mortgage Rates in Montgomery County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.