Cost of Living in Woodford County, Kentucky
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Woodford County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Woodford County ranks #931 of 3,144 counties for affordability (top 30%)
Data Story
About Cost of Living in Woodford County, Kentucky
Woodford County: affluent and affordable
Woodford County's rent-to-income ratio of 15.0% pairs exceptional affordability with the state's highest median household income of $80,006. Renters and homeowners alike enjoy the luxury of comfortable incomes matched with reasonable housing costs—a rare combination in most American counties.
Kentucky's wealthiest county
Woodford County's 15.0% rent-to-income ratio beats Kentucky's state average of 17.0%, but what truly distinguishes it is the $80,006 median household income—the highest among all eight counties profiled. This prosperity drives strong purchasing power despite higher absolute housing costs.
Premium position with premium income
Woodford County's $1,000 monthly rent and $1,058 homeowner costs significantly exceed all neighbors, yet its $80,006 median income eclipses every comparison county. Home values near $270,400 reflect the county's upscale character and strong property market.
15% of robust income to housing
Woodford County residents allocate roughly $1,000 monthly—15.0% of a median household income of $80,006—to rent, leaving $5,333 for other needs. Homeowners invest $1,058 monthly on properties with a median value near $270,400, representing sustainable long-term wealth building.
Premium living at a fair price
Woodford County offers Kentucky's most affluent lifestyle with housing costs that remain surprisingly manageable relative to local incomes. If you've secured high-earning employment in the state, Woodford delivers the best combination of income stability and housing affordability.
Cost of Living Advisory: Woodford County
Affordability Verdict
Woodford County offers affordable rental housing at a median of $1,000/month — about 15.0% of the typical household income here.
Rent vs. Own
The median rent in Woodford County is $1,000/month, while owner costs run $1,058/month. Renting saves approximately $58/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $40,000/year. For owner costs at the 28% rule, the required income is roughly $45,343/year. With a median household income of $80,006, most households can comfortably afford rent here. Notably, 28.0% of renter households in Woodford County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Woodford County sits 6% more expensive than Hardin County ($947/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Woodford County
Rent Burden
15.0%
of gross income
Max Housing (28% Rule)
$1,867
per month
Owner Cost Burden
15.9%
of gross income
The median home in Woodford County may be a stretch
Median home value is $270,400. Estimated monthly cost: $2,159 vs. your max of $1,867.
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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