Cost of Living in Woodford County, Kentucky

$1,000/mo

Median Monthly Rent

$270,400

Median Home Value

30% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,000/mo

30% above state average

Median Home Value

$270,400

4% 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 Woodford County Compares

Median monthly rent comparison

Woodford County$1,000/mo

Kentucky Average$771/mo

National Median$1,163/mo

Detailed Housing Stats

$1,000/mo

Median Gross Rent

$270,400

Median Home Value

$1,058/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Woodford County

Your Annual Household Income

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

Your rent-to-income ratio15.0%

Recommended max30.0%

Frequently Asked Questions

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

Woodford County, Kentucky has a median monthly rent of $1,000/mo and a median home value of $270,400. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Woodford County?

The median gross rent in Woodford County is $1,000/mo. This is 30% above state average for Kentucky.

Is Woodford County affordable?

Woodford 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 Woodford County's rent compare to the state average?

Woodford County's median rent of $1,000/mo is 30% above state average of $771/mo for Kentucky.

What is the median home value in Woodford County?

The median home value in Woodford County, Kentucky is $270,400. This is 4% below the national median home value of $281,900.