Key Economic Benchmarks
Median Household Income
$50,757$4,230 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Grayson County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Grayson County, KY
Official FY2026 HUD Fair Market Rents for Grayson 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 | $708 | $8,496 | $28,320 | 16.7% |
| 1-Bedroom Apartment | $712 | $8,544 | $28,480 | 16.8% |
| 2-Bedroom ApartmentBenchmark | $866 | $10,392 | $34,640 | 20.5% |
| 3-Bedroom Home | $1,200 | $14,400 | $48,000 | 28.4% |
| 4-Bedroom Home | $1,209 | $14,508 | $48,360 | 28.6% |
50/30/20 Living Budget in Grayson County, KY
Based on the local median household income of $50,757/year ($4,230/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 Grayson County, KY
What is the median household income in Grayson County, KY?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Grayson County, KY is $50,757 per year (approximately $4,230 per month).
What is the average rent in Grayson County, KY?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Grayson County, KY are $708 for a studio, $712 for 1 bedroom, $866 for 2 bedrooms, $1,200 for 3 bedrooms, and $1,209 for 4 bedrooms.
How does the cost of living in Grayson County, KY compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Grayson 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 Grayson County, KY?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($866/month) in Grayson 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 Grayson County, KY?
For a typical household earning the median income of $50,757/year ($4,230/month) in Grayson County, KY, a balanced 50/30/20 budget allocates $2,115/month to essential needs (rent, utilities, groceries), $1,269/month to discretionary spending, and $846/month to savings and debt repayment.
What are typical electricity and utility costs in Grayson 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.