Ballard County, KY at a glance
Median household income
$66,164$5,514 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Ballard County, KY?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Ballard County, KY? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Ballard County, KY HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $800 | $9,600 | $32,000 | 14.5% |
| 1-Bedroom Apartment | $817 | $9,804 | $32,680 | 14.8% |
| 2-Bedroom ApartmentBenchmark | $1,072 | $12,864 | $42,880 | 19.4% |
| 3-Bedroom Home | $1,285 | $15,420 | $51,400 | 23.3% |
| 4-Bedroom Home | $1,640 | $19,680 | $65,600 | 29.7% |
What a typical income covers in Ballard County, KY
The 50/30/20 rule applied to the local median of $66,164 a year ($5,514 a month before tax).
What $66,164 leaves after Kentucky taxes
Federal income tax, Social Security, Medicare and Kentucky tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Kentucky
Living in Ballard County, KY: common questions
What is the median household income in Ballard County, KY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Ballard County, KY is $66,164 per year (approximately $5,514 per month).
What is the average rent in Ballard County, KY?
The closest official figure is HUD's Fair Market Rent for 2026: $800 for a studio, $817 for one bedroom, $1,072 for two, $1,285 for three and $1,640 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Ballard County, KY expensive to live in?
Prices there run 13.9% below the U.S. average. BEA's regional price parity for the metro area is 86.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Ballard County, KY?
To keep a $1,072 two-bedroom under 30% of gross income, a household needs about $42,880 a year, or $3,573 a month. That is 65% of what the typical household in Ballard County, KY earns.
How much do you need to live comfortably in Ballard County, KY?
On the local median income of $66,164 ($5,514 a month before tax), the 50/30/20 rule leaves $2,757 a month for needs like rent, utilities and groceries, $1,654 for everything else and $1,103 for savings or debt. A two-bedroom at $1,072 takes 39% of the needs share.
How much is the electric bill in Ballard County, KY?
Homes in Kentucky paid 14.3¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $128. Your bill depends mostly on heating and cooling.