Cost of Living in Scott County, Kentucky

$1,181/mo
Median Monthly Rent
$264,200
Median Home Value

At a Glance

Median Monthly Rent
$1,181/mo
53% above state average
Median Home Value
$264,200
6% below national
Rent-to-Income Ratio
26.0%
% 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 Scott County Compares

Median monthly rent comparison

Scott County$1,181/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$1,181/mo
Median Gross Rent
$264,200
Median Home Value
$1,314/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Scott County ranks #1,660 of 3,144 counties for affordability (bottom 47%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Scott County, Kentucky

Scott County rents stay below the national squeeze

Scott County renters spend 16.9% of their income on housing—nearly matching the national standard and outpacing the state average of 17.0%. With a median household income of $83,660, well above the national median of $74,755, residents here have more breathing room than typical American renters.

Middle of the pack in Kentucky affordability

Scott County ranks in the middle tier of Kentucky counties for rental affordability, with a rent-to-income ratio of 16.9% compared to the state average of 17.0%. While not the most affordable in the state, Scott County outperforms several neighbors and maintains stable housing costs relative to regional wages.

Pricier rents in the Bluegrass corridor

At $1,181 monthly, Scott County's median rent runs 53% higher than Taylor County ($691) and 40% above Shelby County ($998), reflecting its position near the Northern Kentucky job centers. However, Scott's median home value of $264,200 remains below Spencer County's $297,600, offering balance between rental and ownership costs.

Homeownership carries the bigger bite

While renters spend 16.9% of income on housing, homeowners in Scott County dedicate 18.8% of their $83,660 median household income to monthly ownership costs of $1,314. The $133 gap between median rent and owner costs reflects Scott County's stronger income base supporting both rental and mortgage markets.

Consider Scott if you value stability

Scott County offers above-average household incomes and rent-to-income ratios near the national sweet spot—ideal for renters prioritizing budget relief over ultra-low costs. Prospective homebuyers should compare the $264,200 median home value against neighboring Shelby County's $277,500 to find the right fit for your move.

Cost of Living Advisory: Scott County

Affordability Verdict

For renters in Scott County, the market is affordable. Expect to pay around $1,181/month in gross rent, with 26.0% of renter households considered cost-burdened.

Rent vs. Own

Renters in Scott County pay $1,181/month on average, compared to $1,314/month for homeowners. This market favors renters by about 10%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $47,240/year. For owner costs at the 28% rule, the required income is roughly $56,314/year. With a median household income of $83,660, most households can comfortably afford rent here. Notably, 26.0% of renter households in Scott County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Scott County sits 6% less expensive than Boone County ($1,253/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Scott County

$

Rent Burden

16.9%

of gross income

Max Housing (28% Rule)

$1,952

per month

Owner Cost Burden

18.8%

of gross income

The median home in Scott County may be a stretch

Median home value is $264,200. Estimated monthly cost: $2,109 vs. your max of $1,952.

Rent Affordability Guide

Your rent-to-income ratio16.9%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $83,660Needed: $47,240
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $83,660Needed: $56,314
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $83,660Needed: $61,487

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 Scott County, Kentucky?
Scott County, Kentucky has a median monthly rent of $1,181/mo and a median home value of $264,200. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Scott County?
The median gross rent in Scott County is $1,181/mo. This is 53% above state average for Kentucky.
Is Scott County affordable?
Scott County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Scott County's rent compare to the state average?
Scott County's median rent of $1,181/mo is 53% above state average of $771/mo for Kentucky.
What is the median home value in Scott County?
The median home value in Scott County, Kentucky is $264,200. This is 6% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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