Cost of Living in Magoffin County, KY

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

Median Income

$31,927

Median Rent

$623/mo

Median Home

$83,400

Affordability

535

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$422
Property Tax$47
Insurance$28

Total Monthly$497
% of Income18.7%

Renting

Median Rent$623
Renter's Insurance$25

Total Monthly$648
% of Income23.4%

Living in Magoffin County, Kentucky

Magoffin County has a median household income of $31,927 with housing costs that represent 18.7% of income for owners and 23.4% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 535 (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.

Compare Cost of Living Across Counties

Enter two locations and get a side-by-side comparison of housing, taxes, utilities, transportation, and overall affordability with salary adjustment calculations.

Start Free Comparison

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.