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Cost of Living in Lawrence County, KY

Population 16,077 · Census ACS 2020–2024 5-year estimates

Median rent$760
Median home value$111,700
Median household income$46,772

The median rent in Lawrence County, KY is $760/month, 21% lower than the Kentucky median and 46% lower than the U.S. median. The median home value is $111,700, 66% lower than the national median. Households earn a median of $46,772 a year, 27% lower than the state median.

Affordability

Rent as a share of median income: 19.5%
Income needed for median rent (30% rule): $30,400/yr
Home price-to-income ratio: 2.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $565/mo

Run your own numbers: mortgage calculator · hourly to salary

Lawrence County vs. Kentucky vs. U.S.

Lawrence CountyKentuckyU.S.
Median rent$760$967$1,413
Median home value$111,700$205,600$332,700
Median household income$46,772$63,726$80,734
Homeownership rate77.8%68.3%65.2%
Bachelor's degree or higher14.6%27.6%35.7%
Poverty rate21.8%16.1%12.5%
Unemployment rate7.7%4.9%5.2%
Work from home5.5%10.2%15.1%
Median age42.139.138.9

FAQ

What is the average rent in Lawrence County, KY?

The median gross rent in Lawrence County, KY is $760 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $30,400 a year in gross income.

Is Lawrence County, KY expensive to live in?

Rent there is 46% lower than the U.S. median, and the median home costs about 2.4 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

Lincoln County, MTRent $762 · Income $47,143Williamsburg County, SCRent $765 · Income $46,213Allen Parish, LARent $775 · Income $46,469Lincoln County, WVRent $771 · Income $46,205Grayson County, VARent $765 · Income $47,730Jackson County, TNRent $758 · Income $47,951

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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