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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Montgomery County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Montgomery County ranks #1,470 of 3,142 counties for affordability (top 47%)
Sourced county brief
Montgomery County Renter Household GRAPI Estimates Below State Unweighted Mean
The official median gross rent as a percentage of household income (GRAPI) in Montgomery County was estimated at 23.3%. This canonical rent-to-income value is 3.9 percentage points below the Kentucky unweighted county mean of 27.2%. Median gross rent for the county was $830 per month, which is $37 above the state unweighted county mean of $793. Median selected monthly owner costs for owner-occupied units were $858, compared to the Kentucky unweighted county mean of $753. The median home value was $172,200, which is higher than the state unweighted county mean of $160,835. Renter-household median income for the area was $41,278, and the median income for all households was $56,396. This report relies on data from the 2020-2024 ACS 5-Year Estimates for all housing and income statistics. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Montgomery County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.3% of renter household income in Montgomery County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $830 per month; median selected monthly owner costs are $858. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $33,200 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Kentucky unweighted mean of county median rents is $793 per month. Montgomery County's $830 median is 4.6% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Montgomery County
Rent Burden
17.7%
of gross income
Max Housing (28% Rule)
$1,316
per month
Owner Cost Burden
18.3%
of gross income
The median home in Montgomery County may be a stretch
Median home value is $172,200. Estimated monthly cost: $1,375 vs. your max of $1,316.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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