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Cincinnati, KY vs Carter County, KY
A 2-bedroom in Carter County costs $487 less per month than Cincinnati ($866 vs $1,353). Median income is $79,490 in Cincinnati and $50,389 in Carter County. That's a difference of $5,844 per year in housing costs.
Side-by-Side Comparison
| Metric | Cincinnati | Carter County |
|---|---|---|
| Studio FMR | $958 | $698 |
| 1BR FMR | $1,051 | $703 |
| 2BR FMR | $1,353 | $866 |
| 3BR FMR | $1,785 | $1,204 |
| 4BR FMR | $1,976 | $1,254 |
| Median Income | $79,490 | $50,389 |
| Rent Burden | 20.4% | 20.6% |
| Actual Median Rent | $1,047 | $701 |
| Median Home Value | $240,200 | $126,100 |
| Population | 2.3M | 27K |
| Renter % | 31.9% | 21.6% |
| Vacancy Rate | 6.5% | 15.6% |
| Poverty Rate | 11.6% | 19.6% |
| Unemployment | - | 5.9% |
| YoY Change | +13.2% | +1.9% |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Cincinnati, KY
Annual Income Needed
$54,120
Hourly Wage Needed
$26/hr
Min Wage Work Hours/Week
143.6 hrs
at $7.25/hr (KY min wage)
Carter County, KY
Annual Income Needed
$34,640
Hourly Wage Needed
$17/hr
Min Wage Work Hours/Week
91.9 hrs
at $7.25/hr (KY min wage)
Frequently Asked Questions
Carter County, KY is more affordable with a 2BR FMR of $866/mo, which is $487 less than Cincinnati at $1,353/mo. However, when considering local incomes, Cincinnati has a rent burden of 20.4% vs 20.6% in Carter County.
A 2-bedroom in Cincinnati, KY costs $1,353/mo at Fair Market Rent, while in Carter County, KY it's $866/mo, a difference of $487/mo or $5,844/year.
To afford a 2BR without spending more than 30% of income on rent: Cincinnati requires $54,120/year ($26/hr). Carter County requires $34,640/year ($17/hr).
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