Kentucky · Census, HUD and BEA figures · Updated

Cost of Living in Meade County, KY

Prices around Meade County, KY run 6.9% below the U.S. average (BEA, the metro area). The typical household there earns $74,355 a year, and HUD puts a two-bedroom at $1,075 a month. Keeping that rent under 30% of income takes about $43,000 a year.

Meade County, KY at a glance

Median household income

$74,355$6,196 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,075HUD FY2026 Fair Market Rent
Price level (U.S. = 100)93.1-6.9% · BEA, the metro area
Electricity14.3¢per kWh · EIA Residential KY
Population30,158Census ACS 5-year estimate

How much rent can you afford in Meade County, KY?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,075Monthly market rent
Share of gross income17.3%Recommended max: 30%
Annual income needed$43,000To meet the 30% standard
Max affordable rent$1,859At 30% of $74,355
0%30% (Affordability standard)100%
Compare against:

How much is rent in Meade County, KY? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Meade County, KY HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Meade County, KY, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$814$9,768$32,56013.1%
1-Bedroom Apartment$819$9,828$32,76013.2%
2-Bedroom ApartmentBenchmark$1,075$12,900$43,00017.3%
3-Bedroom Home$1,463$17,556$58,52023.6%
4-Bedroom Home$1,680$20,160$67,20027.1%

Rent in Meade County, KY, with the wage each unit needs →

What a typical income covers in Meade County, KY

The 50/30/20 rule applied to the local median of $74,355 a year ($6,196 a month before tax).

Needs (50%)$3,098/moRent ($1,075 2-BR), utilities (~$128/mo), groceries, transit
Wants (30%)$1,859/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,239/moEmergency fund, retirement, paying down loans

What $74,355 leaves after Kentucky taxes

Federal income tax, Social Security, Medicare and Kentucky tax on the local median income. Change the salary to see yours.

$74,355
$25,000$150,000
Filing status:
Gross salary breakdown$74,355
Net 79%
Fed 10%
KY 3%
FICA 8%
Annual take-home$58,654After all taxes
Monthly deposit$4,888Estimated per month
Biweekly paycheck$2,256Every 2 weeks (26/yr)
Effective tax rate21.1%Total tax burden
Federal income tax$7,528 / yr
Kentucky state income tax$2,485 / yr
FICA (Social Security & Medicare)$5,688 / yr

Living in Meade County, KY: common questions

What is the median household income in Meade County, KY?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Meade County, KY is $74,355 per year (approximately $6,196 per month).

What is the average rent in Meade County, KY?

The closest official figure is HUD's Fair Market Rent for 2026: $814 for a studio, $819 for one bedroom, $1,075 for two, $1,463 for three and $1,680 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 Meade County, KY expensive to live in?

Prices there run 6.9% below the U.S. average. BEA's regional price parity for the metro area is 93.1, 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 Meade County, KY?

To keep a $1,075 two-bedroom under 30% of gross income, a household needs about $43,000 a year, or $3,583 a month. That is 58% of what the typical household in Meade County, KY earns.

How much do you need to live comfortably in Meade County, KY?

On the local median income of $74,355 ($6,196 a month before tax), the 50/30/20 rule leaves $3,098 a month for needs like rent, utilities and groceries, $1,859 for everything else and $1,239 for savings or debt. A two-bedroom at $1,075 takes 35% of the needs share.

How much is the electric bill in Meade 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.