Cost of Living in Taylor County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Taylor County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Taylor County ranks #596 of 3,144 counties for affordability (top 19%)
Data Story
About Cost of Living in Taylor County, Kentucky
Taylor County offers genuine rental bargains
Taylor County renters spend just 13.4% of their $61,871 median household income on housing—nearly 4 percentage points below the national average and substantially better than Kentucky's 17.0% state average. At $691 monthly, Taylor's median rent is the lowest in this group, creating real budget relief for renters.
Strong affordability on Kentucky scale
With a 13.4% rent-to-income ratio, Taylor County ranks well above average for affordability across Kentucky, beating the state average by 3.6 percentage points. Despite below-average household income, Taylor's low rent base creates genuine relief for residents.
Cheapest rents in the region
Taylor County's $691 median rent is 41% lower than Scott County ($1,181) and 31% below Shelby County ($998), making it the bargain market in this comparison. Even Todd County's $841 rent runs 22% higher, and Taylor's $163,700 median home value undercuts every neighbor.
Renters and homeowners equally positioned
Both renters and homeowners in Taylor County spend roughly 13% of the $61,871 median household income on housing—renters at 13.4% and homeowners at 13.5%. This rare parity reflects Taylor's affordable fundamentals across both rental and ownership markets.
Taylor County: budget-conscious relocation choice
Taylor County delivers the region's lowest rents and home values, ideal for anyone prioritizing affordability and willing to accept below-average local incomes. Rural character and minimal housing costs make Taylor perfect for remote workers, retirees, or anyone seeking maximum housing cost relief.
Cost of Living Advisory: Taylor County
Affordability Verdict
Housing in Taylor County is affordable. The median rent is $691/month against a median household income of $61,871, putting rent at 13.4% of income.
Rent vs. Own
The median rent in Taylor County is $691/month, while owner costs run $697/month. Renting saves approximately $6/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $27,640/year. For owner costs at the 28% rule, the required income is roughly $29,871/year. With a median household income of $61,871, most households can comfortably afford rent here. Notably, 24.0% of renter households in Taylor County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Taylor County sits 7% less expensive than Powell County ($743/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Taylor County
Rent Burden
13.4%
of gross income
Max Housing (28% Rule)
$1,444
per month
Owner Cost Burden
13.5%
of gross income
You can likely afford the median home in Taylor County
Median home value is $163,700. Estimated monthly cost: $1,307 vs. your max of $1,444.
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
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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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