Cost of Living in Monroe County, KY
Population 11,269 · Census ACS 2020–2024 5-year estimates
The median rent in Monroe County, KY is $657/month, 32% lower than the Kentucky median and 54% lower than the U.S. median. The median home value is $115,900, 65% lower than the national median. Households earn a median of $51,280 a year, 20% lower than the state median.
Affordability
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Monroe County vs. Kentucky vs. U.S.
| Monroe County | Kentucky | U.S. | |
|---|---|---|---|
| Median rent | $657 | $967 | $1,413 |
| Median home value | $115,900 | $205,600 | $332,700 |
| Median household income | $51,280 | $63,726 | $80,734 |
| Homeownership rate | 70.9% | 68.3% | 65.2% |
| Bachelor's degree or higher | 16.0% | 27.6% | 35.7% |
| Poverty rate | 22.1% | 16.1% | 12.5% |
| Unemployment rate | 4.0% | 4.9% | 5.2% |
| Work from home | 4.5% | 10.2% | 15.1% |
| Median age | 41.1 | 39.1 | 38.9 |
FAQ
What is the average rent in Monroe County, KY?
The median gross rent in Monroe County, KY is $657 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Monroe County, KY?
Using the common 30% rule, renting a median-priced home takes about $26,280 a year in gross income.
Is Monroe County, KY expensive to live in?
Rent there is 54% lower than the U.S. median, and the median home costs about 2.3 times the median household income.
Other counties in Kentucky
Counties with a similar cost of living
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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