Affordable

What Salary Do You Need to Live in Flemingsburg?

To afford a 2-bedroom in Flemingsburg, you need to earn at least $30,640/year based on estimated fair market rent data. The median household income here is $37,857, which means the typical resident is $7,217 above the threshold.

Census ACS Data Pop. 2,955

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$536	$1,787	$21,440	$-16,417
1 Bedroom	$636	$2,120	$25,440	$-12,417
2 Bedroom BENCHMARK	$766	$2,553	$30,640	$-7,217
3 Bedroom	$935	$3,117	$37,400	$-457
4 Bedroom	$1,149	$3,830	$45,960	+$8,103

Affordability Breakdown

Where the required salary line crosses above Flemingsburg's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$37,857

Annual household

2BR Required Salary

$30,640

Under 30% rule

Income Gap

+$7,217

Surplus

Verdict

Affordable

Ratio: 24.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Flemingsburg

Your Annual Salary

Pre-filled with Flemingsburg's median household income

Max monthly rent you can afford$946

Studio

$536/mo

1 BR

$636/mo

2 BR

$766/mo

3 BR

$935/mo

4 BR

$1,149/mo

Your salary is $0 above the median income in Flemingsburg.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Flemingsburg's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Flemingsburg

Living in Flemingsburg is well within reach for most median-income earners. With a $7,217 cushion between what residents earn and what a 2-bedroom requires, households in Flemingsburg typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Flemingsburg, a studio at $536/month offers an even more aggressive savings rate. Even a 3-bedroom at $935/month remains accessible for dual-income households earning above $37,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $45,960 would position you well — though many residents in Flemingsburg manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Flemingsburg, Kentucky.

With a total population of 2,955, the city supports an active civilian workforce of 1,057 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $30,640 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

1,057

Active civilian employees in Flemingsburg

Frequently Asked Questions About Renting in Flemingsburg

What salary do I need to live in Flemingsburg, Kentucky?

To afford a 2-bedroom in Flemingsburg under the 30% rule, you need an annual salary of at least $30,640. The median household income in Flemingsburg is $37,857.

Can I afford a 2-bedroom in Flemingsburg on $37,857?

The affordability verdict for Flemingsburg is "Affordable". The rent-to-income ratio is 24.3%, meaning median earners have a $7,217 surplus.

What is the average rent in Flemingsburg compared to median income?

The median gross rent in Flemingsburg is $636/month. With a median household income of $37,857, residents spend approximately 24.3% of their income on rent.

What salary do I need for a studio in Flemingsburg?

A studio in Flemingsburg rents for approximately $536/month. Under the 30% rule, you need an annual salary of $21,440 to afford this.

Is Flemingsburg considered an affordable place to live?

Based on the surplus of $7,217 and an affordability verdict of "Affordable", Flemingsburg is considered a affordable rental market when comparing the required 2-bedroom salary of $30,640 to the local median household income.

How Flemingsburg Compares

Other cities in Kentucky with salary requirements