Cost of Living in Simpson County, Kentucky

$1,011/mo

Median Monthly Rent

$195,700

Median Home Value

31% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,011/mo

31% above state average

Median Home Value

$195,700

31% below national

Rent-to-Income Ratio

28.0%

% 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 Simpson County Compares

Median monthly rent comparison

Simpson County$1,011/mo

Kentucky Average$771/mo

National Median$1,163/mo

Detailed Housing Stats

$1,011/mo

Median Gross Rent

$195,700

Median Home Value

$943/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Simpson County, Kentucky

Simpson County renters face real affordability stress

Simpson County renters spend 21.1% of their $57,392 median household income on housing—nearly 4 percentage points above the national average and significantly higher than Kentucky's 17.0% state average. This level of rent burden puts Simpson among Kentucky's most strained rental markets.

Struggling on Kentucky's affordability scale

Simpson County's 21.1% rent-to-income ratio ranks it among the least affordable counties in Kentucky, well above the state average of 17.0%. The county's lower median household income of $57,392 amplifies the burden of relatively typical regional rents.

Rents don't match the wages here

Simpson County's $1,011 median rent is high relative to its peers—only $170 less than Scott County despite a $26,000 gap in household incomes. Compared to Taylor County's $691 rent and Todd County's $841, Simpson's rental market feels out of sync with local earning power.

Renters and homeowners both strain

Renters dedicate 21.1% of income to housing, while homeowners spend 19.7% on monthly costs of $943—making Simpson one of the few counties where renters face more burden than homeowners. At $57,392 median household income, even modest housing costs consume a significant share of household budgets.

Simpson requires careful financial planning

Simpson County is better suited for remote workers or those relocating with substantially higher incomes than the local median—standard rentals will consume over one-fifth of household earnings. If you're considering Simpson, compare rents to neighboring Taylor or Todd counties, where the same housing costs represent a smaller share of income.

Affordability Calculator

See how your income compares to housing costs in Simpson County

Your Annual Household Income

Rent Burden

21.1%

of gross income

Max Housing (28% Rule)

$1,339

per month

Owner Cost Burden

19.7%

of gross income

The median home in Simpson County may be a stretch

Median home value is $195,700. Estimated monthly cost: $1,562 vs. your max of $1,339.

Rent Affordability Guide

Your rent-to-income ratio21.1%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Simpson County, Kentucky?

Simpson County, Kentucky has a median monthly rent of $1,011/mo and a median home value of $195,700. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Simpson County?

The median gross rent in Simpson County is $1,011/mo. This is 31% above state average for Kentucky.

Is Simpson County affordable?

Simpson County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Simpson County's rent compare to the state average?

Simpson County's median rent of $1,011/mo is 31% above state average of $771/mo for Kentucky.

What is the median home value in Simpson County?

The median home value in Simpson County, Kentucky is $195,700. This is 31% below the national median home value of $281,900.