Rent in Magoffin County, KY at a glance
2-bedroom rent (HUD)
$866$10,392 a year · HUD fiscal year 2026From October 1, 2026: $909 (+5%)How much rent can you afford in Magoffin County, KY?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Magoffin County, KY by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $619 | $7,428 | $24,760 | $11.90/hr |
| 1 bedroom | $790 | $9,480 | $31,600 | $15.19/hr |
| 2 bedroomsMost searched | $866 | $10,392 | $34,640 | $16.65/hr |
| 3 bedrooms | $1,038 | $12,456 | $41,520 | $19.96/hr |
| 4 bedrooms | $1,209 | $14,508 | $48,360 | $23.25/hr |
Cost of living in Magoffin County, KY: income, prices and a budget →
Living and working in Magoffin County, KY
Rent in Magoffin County, KY: common questions
How much is rent going up in Magoffin County, KY in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $909 for a two-bedroom, up 5% from $866. A one-bedroom goes from $790 to $835, a studio from $619 to $650.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Magoffin County, KY?
HUD's Fair Market Rent for 2026 is $790 for a one-bedroom and $866 for a two-bedroom, utilities included. That is $10,392 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Magoffin County, KY?
To keep a $866 two-bedroom at 30% of gross pay, one full-time worker needs $16.65 an hour, or $34,640 a year. A one-bedroom at $790 takes $15.19 an hour.
How much is a 1, 2 or 3-bedroom apartment in Magoffin County, KY?
At HUD's 2026 Fair Market Rent: studio $619, one bedroom $790, two $866, three $1,038 and four $1,209 a month.
Is rent affordable in Magoffin County, KY?
For the typical household, earning $33,080 a year ($2,757 a month, Census ACS), a two-bedroom at $866 takes 31.4% of income. Under 30% is the usual line for affordable; this is over it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($866 × 12) ÷ 0.30 = $34,640. Divided by 2,080 working hours, that is $16.65 an hour.