Cost of Living in Wolfe 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 Wolfe County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Wolfe County ranks #4 of 3,142 counties for affordability (top 0%)
Sourced county brief
Wolfe County Median Rent Burden Reaches 38.1 Percent
In Wolfe County, Kentucky, the official median gross rent as a percentage of household income (GRAPI) was 38.1%. This figure is 10.9 percentage points higher than the Kentucky unweighted county mean of 27.2%. The median gross rent in the county was estimated at $501 per month, which is $292 below the state unweighted mean of $793. Median renter-household income was $15,078. Regarding owner-occupied units, the median monthly owner costs were $424, compared to the state unweighted mean of $753. The median home value was $75,800, which is $85,035 below the state unweighted mean of $160,835. These data points provide a descriptive snapshot of the county’s financial obligations related to housing during the 2020-2024 timeframe. The report does not examine causal factors or provide market predictions. 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: Wolfe County
Affordability Verdict
ACS B25071 estimates median gross rent at 38.1% of renter household income in Wolfe County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $501 per month; median selected monthly owner costs are $424. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $20,040 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. Wolfe County's $501 median is 36.9% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Wolfe County
Rent Burden
19.8%
of gross income
Max Housing (28% Rule)
$710
per month
Owner Cost Burden
16.7%
of gross income
You can likely afford the median home in Wolfe County
Median home value is $75,800. Estimated monthly cost: $605 vs. your max of $710.
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
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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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