Cost of Living in Spencer County, KY
Population 20,193 · Census ACS 2020–2024 5-year estimates
The median rent in Spencer County, KY is $987/month, 2% higher than the Kentucky median and 30% lower than the U.S. median. The median home value is $330,000, about the same as the national median. Households earn a median of $102,618 a year, 61% higher than the state median.
Affordability
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Spencer County vs. Kentucky vs. U.S.
| Spencer County | Kentucky | U.S. | |
|---|---|---|---|
| Median rent | $987 | $967 | $1,413 |
| Median home value | $330,000 | $205,600 | $332,700 |
| Median household income | $102,618 | $63,726 | $80,734 |
| Homeownership rate | 87.9% | 68.3% | 65.2% |
| Bachelor's degree or higher | 23.6% | 27.6% | 35.7% |
| Poverty rate | 9.8% | 16.1% | 12.5% |
| Unemployment rate | 5.0% | 4.9% | 5.2% |
| Work from home | 13.3% | 10.2% | 15.1% |
| Median age | 42.9 | 39.1 | 38.9 |
FAQ
What is the average rent in Spencer County, KY?
The median gross rent in Spencer County, KY is $987 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Spencer County, KY?
Using the common 30% rule, renting a median-priced home takes about $39,480 a year in gross income.
Is Spencer County, KY expensive to live in?
Rent there is 30% lower than the U.S. median, and the median home costs about 3.2 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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