Cost of Living in Taylor County, Kentucky

$691/mo
Median Monthly Rent
$163,700
Median Home Value
10% below state averageUnaffordable

At a Glance

Median Monthly Rent
$691/mo
10% below state average
Median Home Value
$163,700
42% below national
Rent-to-Income Ratio
24.0%
% 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 Taylor County Compares

Median monthly rent comparison

Taylor County$691/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$691/mo
Median Gross Rent
$163,700
Median Home Value
$697/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio13.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Taylor County, Kentucky?
Taylor County, Kentucky has a median monthly rent of $691/mo and a median home value of $163,700. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Taylor County?
The median gross rent in Taylor County is $691/mo. This is 10% below state average for Kentucky.
Is Taylor County affordable?
Taylor County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Taylor County's rent compare to the state average?
Taylor County's median rent of $691/mo is 10% below state average of $771/mo for Kentucky.
What is the median home value in Taylor County?
The median home value in Taylor County, Kentucky is $163,700. This is 42% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.