Glasgow, KY

Very Low · 54

Kentucky · Population 15,141 · Updated March 2026

$836
Median Rent / Month
$42,417
Median Income
$147,700
Median Home Value
$807
Owner Costs / Month

Affordability

How far your income goes in Glasgow

23.7%
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

$10,032
Annual Rent
$1,697
State Income Tax
$1,226
Property Tax (est.)

Cost of Living Overview

Glasgow is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 54 (where 100 equals the national median), Glasgow residents can expect to pay median rent of $836/month while earning a median household income of $42,417/year.

The median home value in Glasgow, KY is $147,700, with typical monthly owner costs around $807 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.7% 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 Glasgow.

Frequently Asked Questions

Common questions about living costs in Glasgow

What is the cost of living in Glasgow, KY?
The cost of living index in Glasgow, KY is 54 (US average = 100). Median monthly rent is $836, median household income is $42,417/year, and the median home value is $147,700.
Is Glasgow, KY affordable?
Yes, Glasgow is more affordable than the national average with a cost index of 54. The rent-to-income ratio is 23.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Glasgow, KY?
The median gross rent in Glasgow, KY is $836 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,032.
What is the median household income in Glasgow?
The median household income in Glasgow, KY is $42,417 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%.