Cost of Living in Fayette County, KY

What does it cost to live in Fayette County? Income, housing, and affordability breakdown.

Median Income

$66,087

Median Rent

$1,065/mo

Median Home

$247,900

Affordability

361

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,254
Property Tax$190
Insurance$83

Total Monthly$1,527
% of Income27.7%

Renting

Median Rent$1,065
Renter's Insurance$25

Total Monthly$1,090
% of Income19.3%

Living in Fayette County, Kentucky

Fayette County has a median household income of $66,087 with housing costs that represent 27.7% of income for owners and 19.3% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 361 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Kentucky

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.