Cost of Living in Burgin, KY

With a cost of living index of 76, Burgin, KY is a very affordable place to live. Living here is 24% cheaper than the national average and in line with the Kentucky state average. Burgin is a small community of 1,046 residents.

Housing costs are the biggest factor in Burgin's cost of living. The median monthly rent is $949 (28% below the US median of $1,319), and the median home value sits at $188,400 (38% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Burgin is $74,063, which is 1% lower than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.