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Cost of Living in Woodford County, KY

Population 27,279 · Census ACS 2020–2024 5-year estimates

Median rent$1,138
Median home value$299,700
Median household income$83,788

The median rent in Woodford County, KY is $1,138/month, 18% higher than the Kentucky median and 19% lower than the U.S. median. The median home value is $299,700, 10% lower than the national median. Households earn a median of $83,788 a year, 31% higher than the state median.

Affordability

Rent as a share of median income: 16.3%
Income needed for median rent (30% rule): $45,520/yr
Home price-to-income ratio: 3.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,515/mo

Run your own numbers: mortgage calculator · hourly to salary

Woodford County vs. Kentucky vs. U.S.

Woodford CountyKentuckyU.S.
Median rent$1,138$967$1,413
Median home value$299,700$205,600$332,700
Median household income$83,788$63,726$80,734
Homeownership rate71.7%68.3%65.2%
Bachelor's degree or higher40.7%27.6%35.7%
Poverty rate10.5%16.1%12.5%
Unemployment rate2.5%4.9%5.2%
Work from home14.9%10.2%15.1%
Median age42.239.138.9

FAQ

What is the average rent in Woodford County, KY?

The median gross rent in Woodford County, KY is $1,138 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $45,520 a year in gross income.

Is Woodford County, KY expensive to live in?

Rent there is 19% lower than the U.S. median, and the median home costs about 3.6 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

Johnston County, NCRent $1,146 · Income $83,384Polk County, IARent $1,149 · Income $83,576Augusta County, VARent $1,136 · Income $82,049Adams County, PARent $1,115 · Income $84,092Washington County, VTRent $1,163 · Income $83,449Ontario County, NYRent $1,150 · Income $82,324

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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