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Cost of Living in Elizabethtown, KY

Population 32,576 · Census ACS 2020–2024 5-year estimates

Median rent$909
Median home value$245,900
Median household income$60,760

The median rent in Elizabethtown, KY is $909/month, 6% lower than the Kentucky median and 36% lower than the U.S. median. The median home value is $245,900, 26% lower than the national median. Households earn a median of $60,760 a year, 5% lower than the state median.

Affordability

Rent as a share of median income: 18.0%
Income needed for median rent (30% rule): $36,360/yr
Home price-to-income ratio: 4.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,243/mo

Run your own numbers: mortgage calculator · hourly to salary

Elizabethtown vs. Kentucky vs. U.S.

ElizabethtownKentuckyU.S.
Median rent$909$967$1,413
Median home value$245,900$205,600$332,700
Median household income$60,760$63,726$80,734
Homeownership rate49.3%68.3%65.2%
Bachelor's degree or higher28.3%27.6%35.7%
Poverty rate17.0%16.1%12.5%
Unemployment rate5.2%4.9%5.2%
Work from home6.5%10.2%15.1%
Median age35.739.138.9

FAQ

What is the average rent in Elizabethtown, KY?

The median gross rent in Elizabethtown, KY is $909 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Elizabethtown, KY?

Using the common 30% rule, renting a median-priced home takes about $36,360 a year in gross income.

Is Elizabethtown, KY expensive to live in?

Rent there is 36% lower than the U.S. median, and the median home costs about 4.0 times the median household income.

Other cities in Kentucky

Louisville/Jefferson County, KYRent $1,120 · Income $66,849Lexington-Fayette, KYRent $1,164 · Income $69,479Bowling Green, KYRent $998 · Income $48,873Owensboro, KYRent $905 · Income $56,357Covington, KYRent $1,006 · Income $61,166Georgetown, KYRent $1,255 · Income $80,088

Cities with a similar cost of living

Rome, NYRent $909 · Income $59,925Monroe, MIRent $909 · Income $59,813Ottumwa, IARent $921 · Income $61,103Willmar, MNRent $910 · Income $62,280Decatur, ALRent $896 · Income $61,563Enid, OKRent $914 · Income $62,125

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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