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Cost of Living in Garrard County, KY

Population 17,568 · Census ACS 2020–2024 5-year estimates

Median rent$794
Median home value$204,900
Median household income$63,087

The median rent in Garrard County, KY is $794/month, 18% lower than the Kentucky median and 44% lower than the U.S. median. The median home value is $204,900, 38% lower than the national median. Households earn a median of $63,087 a year, about the same as the state median.

Affordability

Rent as a share of median income: 15.1%
Income needed for median rent (30% rule): $31,760/yr
Home price-to-income ratio: 3.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,036/mo

Run your own numbers: mortgage calculator · hourly to salary

Garrard County vs. Kentucky vs. U.S.

Garrard CountyKentuckyU.S.
Median rent$794$967$1,413
Median home value$204,900$205,600$332,700
Median household income$63,087$63,726$80,734
Homeownership rate79.9%68.3%65.2%
Bachelor's degree or higher18.7%27.6%35.7%
Poverty rate15.9%16.1%12.5%
Unemployment rate5.1%4.9%5.2%
Work from home11.0%10.2%15.1%
Median age43.039.138.9

FAQ

What is the average rent in Garrard County, KY?

The median gross rent in Garrard County, KY is $794 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $31,760 a year in gross income.

Is Garrard County, KY expensive to live in?

Rent there is 44% lower than the U.S. median, and the median home costs about 3.2 times the median household income.

Other counties in Kentucky

Jefferson County, KYRent $1,149 · Income $69,866Fayette County, KYRent $1,164 · Income $69,479Kenton County, KYRent $1,069 · Income $80,548Warren County, KYRent $1,002 · Income $65,794Boone County, KYRent $1,373 · Income $99,414Hardin County, KYRent $971 · Income $67,647

Counties with a similar cost of living

Washburn County, WIRent $795 · Income $63,441Marshall County, ALRent $795 · Income $62,571Hardin County, OHRent $793 · Income $62,484Clarion County, PARent $798 · Income $62,649Marinette County, WIRent $795 · Income $63,809Lincoln County, OKRent $794 · Income $62,216

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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