Spencer County, KY at a glance
Median household income
$102,618$8,552 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Spencer 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 Spencer County, KY? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Louisville, KY-IN 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 | $966 | $11,592 | $38,640 | 11.3% |
| 1-Bedroom Apartment | $1,047 | $12,564 | $41,880 | 12.2% |
| 2-Bedroom ApartmentBenchmark | $1,272 | $15,264 | $50,880 | 14.9% |
| 3-Bedroom Home | $1,625 | $19,500 | $65,000 | 19% |
| 4-Bedroom Home | $1,891 | $22,692 | $75,640 | 22.1% |
What a typical income covers in Spencer County, KY
The 50/30/20 rule applied to the local median of $102,618 a year ($8,552 a month before tax).
What $102,618 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 Spencer County, KY: common questions
What is the median household income in Spencer County, KY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Spencer County, KY is $102,618 per year (approximately $8,552 per month).
What is the average rent in Spencer County, KY?
The closest official figure is HUD's Fair Market Rent for 2026: $966 for a studio, $1,047 for one bedroom, $1,272 for two, $1,625 for three and $1,891 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 Spencer 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 Spencer County, KY?
To keep a $1,272 two-bedroom under 30% of gross income, a household needs about $50,880 a year, or $4,240 a month. That is 50% of what the typical household in Spencer County, KY earns.
How much do you need to live comfortably in Spencer County, KY?
On the local median income of $102,618 ($8,552 a month before tax), the 50/30/20 rule leaves $4,276 a month for needs like rent, utilities and groceries, $2,565 for everything else and $1,710 for savings or debt. A two-bedroom at $1,272 takes 30% of the needs share.
How much is the electric bill in Spencer 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.