Alexandria, KY

Below Avg · 82

Kentucky · Population 10,430 · Updated March 2026

$1,062
Median Rent / Month
$103,750
Median Income
$253,400
Median Home Value
$1,381
Owner Costs / Month

Affordability

How far your income goes in Alexandria

12.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Kentucky

State-level tax rates that affect your costs

4.0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.83%
Property Tax Rate

Estimated Annual Costs

$12,744
Annual Rent
$4,150
State Income Tax
$2,103
Property Tax (est.)

Cost of Living Overview

Alexandria is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 82 (where 100 equals the national median), Alexandria residents can expect to pay median rent of $1,062/month while earning a median household income of $103,750/year.

The median home value in Alexandria, KY is $253,400, with typical monthly owner costs around $1,381 including mortgage, insurance, and taxes. The median rent-to-income ratio of 12.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Kentucky has a moderate income tax rate of 4.0%. Combined with a 6.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Alexandria.

Frequently Asked Questions

Common questions about living costs in Alexandria

What is the cost of living in Alexandria, KY?
The cost of living index in Alexandria, KY is 82 (US average = 100). Median monthly rent is $1,062, median household income is $103,750/year, and the median home value is $253,400.
Is Alexandria, KY affordable?
Yes, Alexandria is more affordable than the national average with a cost index of 82. The rent-to-income ratio is 12.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Alexandria, KY?
The median gross rent in Alexandria, KY is $1,062 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,744.
What is the median household income in Alexandria?
The median household income in Alexandria, KY is $103,750 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Kentucky?
Kentucky has a top income tax rate of 4.0%, a sales tax of 6.0%, and an effective property tax rate of 0.83%.