Key Economic Benchmarks
Median Household Income
$40,000$3,333 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Cumberland County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Cumberland County, KY
Official FY2026 HUD Fair Market Rents for Cumberland County, KY. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $619 | $7,428 | $24,760 | 18.6% |
| 1-Bedroom Apartment | $701 | $8,412 | $28,040 | 21% |
| 2-Bedroom ApartmentBenchmark | $866 | $10,392 | $34,640 | 26% |
| 3-Bedroom Home | $1,204 | $14,448 | $48,160 | 36.1% |
| 4-Bedroom Home | $1,209 | $14,508 | $48,360 | 36.3% |
50/30/20 Living Budget in Cumberland County, KY
Based on the local median household income of $40,000/year ($3,333/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Kentucky
Explore net income after federal income tax, FICA, and Kentucky state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Kentucky with official federal datasets:
Frequently Asked Questions About Living in Cumberland County, KY
What is the median household income in Cumberland County, KY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Cumberland County, KY is $40,000 per year (approximately $3,333 per month).
What is the average rent in Cumberland County, KY?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Cumberland County, KY are $619 for a studio, $701 for 1 bedroom, $866 for 2 bedrooms, $1,204 for 3 bedrooms, and $1,209 for 4 bedrooms.
How does the cost of living in Cumberland County, KY compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Cumberland County, KY is 90.2 (9.8% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Cumberland County, KY?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($866/month) in Cumberland County, KY requires a minimum gross household income of $34,640 per year ($2,887 per month).
What is a balanced 50/30/20 monthly budget in Cumberland County, KY?
For a typical household earning the median income of $40,000/year ($3,333/month) in Cumberland County, KY, a balanced 50/30/20 budget allocates $1,667/month to essential needs (rent, utilities, groceries), $1,000/month to discretionary spending, and $667/month to savings and debt repayment.
What are typical electricity and utility costs in Cumberland County, KY?
Residential electricity rates in Kentucky average 14.3¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $128 per month.