1st Advantage MortgageIn Grayson County, Kentucky, the typical household earns $50,757 a year and the typical rent is $658. A loan makes sense only if its total cost beats your alternatives and the payment fits your budget. Check the lender's Kentucky license first.
On this page
- A quick profile of Grayson County
- Rent, home values and ownership in Grayson County
- Income in Grayson County compared with Kentucky
- The Grayson County job picture
- How Grayson County compares with nearby counties
- Places inside Grayson County
- Room for a loan payment in Grayson County
- Borrowing situations common in Grayson County
- More Grayson County figures
- Steps before you apply in Grayson County
- Checking a lender's license in Kentucky
- More guides for Grayson County
- Frequently asked questions
A quick profile of Grayson County
Roughly 26,707 residents live in Grayson County, Kentucky, 41st by population among the state's 120 counties and county equivalents. It covers 500 square miles of land, or about 53 people per square mile. No metropolitan area includes Grayson County in the 2023 federal delineation, so its numbers stand on their own rather than as part of a metro. Of the 4 Census places inside Grayson County, Leitchfield leads by population with about 6,819; 3 of the 4 are incorporated.
Rent, home values and ownership in Grayson County
A typical Grayson County rental runs $658 a month including utilities, which is 32% below Kentucky. 34% of renting households spend 30% or more of income on rent, and 14% spend half or more. Home values center on $164,600, or 3.2 years of median income. 75% of Grayson County households own their home and 25% rent. The median year built is 1988.
| Home costs | Grayson County | Kentucky | U.S. middle county |
|---|---|---|---|
| Median gross rent | $658/mo | $967/mo | $877/mo |
| Median home value | $164,600 | $205,600 | $185,300 |
| Owners | 75% | 68% | 75% |
| Rent-burdened renters | 34% | 45% | 45% |
| Burdened owners | 28% | 23% | n/a |
| Mobile homes | 16.4% | 10.7% | n/a |
In an owner-heavy county like Grayson County, many borrowers can also choose a home equity loan or line of credit. Those can price lower but put the house on the line, so compare the two in writing; our personal loan vs. HELOC guide walks through it.
Income in Grayson County compared with Kentucky
At $50,757, the typical Grayson County household income is 23% below the median U.S. county ($65,681).
| Household income | Grayson County | vs Kentucky |
|---|---|---|
| Under $35,000 | 34.3% | +6.4 pts |
| $35,000 to $99,999 | 42.7% | +0.8 pts |
| $100,000 to $199,999 | 17.4% | -5.5 pts |
| $200,000 or more | 5.5% | -1.7 pts |
About 34% of households earn under $35,000, while 23% clear $100,000. The poverty rate is 20.1%, 4 points higher than the state's 16.1%. None of these numbers decides a Grayson County application. Lenders weigh your own documented income against your own debts.
The Grayson County job picture
By the Census industry count, 27% of employed Grayson County residents work in education and health care and 17% in manufacturing. Construction stands out: 10% of workers here, versus 6% statewide. ACS puts five-year average unemployment at 6.6% in Grayson County. Long commutes are common here: 21% of workers spend 45 minutes or longer getting to work. 5.6% of households have no vehicle.
| Sector | Grayson County | Compared with Kentucky |
|---|---|---|
| Education and health care | 27.0% | +2.7 pts |
| Manufacturing | 17.1% | +2.8 pts |
| Construction | 9.9% | +3.5 pts |
| Retail trade | 8.5% | -3.0 pts |
| Arts, lodging and food service | 7.7% | -0.2 pts |
| Transportation, warehousing and utilities | 6.8% | -0.2 pts |
Industry shapes paperwork. Salaried and public jobs are easy to verify, while hourly, tipped, commission or contract earners in Grayson County should have bank statements and tax returns ready.
How Grayson County compares with nearby counties
Distances run center to center, from Edmonson County at 17 miles out to Hart County at 28. All of the six report a higher median household income than Grayson County; Hardin County is highest at $67,647 and Hart County lowest at $52,285.
| Neighbor | Distance | Income | Rent | Own |
|---|---|---|---|---|
| Grayson County | - | $50,757 | $658/mo | 75% |
| Edmonson County, KY | 17 mi | $54,937 | $778/mo | 80% |
| Breckinridge County, KY | 23 mi | $55,843 | $733/mo | 81% |
| Butler County, KY | 25 mi | $56,092 | $679/mo | 74% |
| Hardin County, KY | 27 mi | $67,647 | $971/mo | 63% |
| Ohio County, KY | 27 mi | $57,798 | $739/mo | 77% |
| Hart County, KY | 28 mi | $52,285 | $693/mo | 72% |
Places inside Grayson County
4 Census places fall mainly inside Grayson County; the 4 biggest are below. They account for 8,443 residents, leaving about 68% of the county in unincorporated, unnamed areas. Live in one of these Grayson County communities, or between them? This is your local guide.
| Town or CDP | Type | People | Median household income | Median gross rent | Miles from center |
|---|---|---|---|---|---|
| Leitchfield | city | 6,819 | $44,347 | $621 | 4 mi |
| Clarkson | city | 865 | $24,531 | $552 | 7 mi |
| Caneyville | city | 474 | $21,563 | $671 | 9 mi |
| Big Clifty | CDP | 285 | n/a | $771 | 12 mi |
Room for a loan payment in Grayson County
How much room does a median Grayson County budget have? Take median income, subtract median rent, and check what is left under a few common debt-to-income limits.
- Median income divided by twelve: $4,230 before taxes
- Rent at the median, $658, takes 16% of that
- $1,161: what a 43% ratio leaves once rent is paid
If your rent is above $658, the room shrinks dollar for dollar.
Borrowing situations common in Grayson County
Based on the Grayson County data above, these borrowing questions are most likely to matter locally.
- Long drives. With 21% of commutes over 45 minutes, tires and repairs are fixed costs in many Grayson County budgets.
- Repairs on manufactured housing. With 16% of homes here, compare a personal loan with any dealer or park repair program.
- Assistance before credit. With a 20% poverty rate, check no-cost options before any Grayson County loan.
More Grayson County figures
Degree holders: 16% of adults over 25. About 8% go without health insurance.
| People and households | Grayson County | Kentucky | Median county |
|---|---|---|---|
| Median age | 40.5 | 39.1 | 41.5 |
| Bachelor's or higher | 16.1% | 27.6% | 22.2% |
| No high school diploma | 14.7% | 11.1% | n/a |
| No health insurance | 8.0% | 6.0% | 7.8% |
| No vehicle | 5.6% | 6.8% | 5.4% |
| Work from home | 6.6% | 10.2% | 8.7% |
| Poverty rate | 20.1% | 16.1% | 13.2% |
| Unemployment (ACS) | 6.6% | 4.9% | 4.4% |
| Travel time to work | Workers |
|---|---|
| Under 15 min | 32.9% |
| 15 to 29 min | 32.2% |
| 30 to 44 min | 13.9% |
| 45 to 59 min | 7.7% |
| 60+ min | 13.3% |
Steps before you apply in Grayson County
Four checks before you sign anything:
- Get a written quote for whatever you are paying for in Grayson County.
- Collect three written offers and compare APR and total repaid.
- A Kentucky license check takes minutes; do it first.
- Ask a Grayson County credit union about member loans.
Checking a lender's license in Kentucky
No county office licenses personal lenders. For Grayson County, check the Kentucky Department of Financial Institutions. A CFPB complaint gets forwarded to the company for a response. Statewide data and rules: Kentucky guide.
More guides for Grayson County
For statewide rules and data, see the Kentucky guide.
Frequently asked questions
How much do households in Grayson County earn?
The median is $50,757; 23% earn $100,000 or more and 34% under $35,000. A lender uses your own documented income, not this figure.
How much is rent in Grayson County?
Median gross rent, utilities included, is $658 a month; 34% of renters spend 30% or more of income on it.
What are the biggest places in Grayson County?
By population: Leitchfield, Clarkson, Caneyville, Big Clifty. The county has 4 Census places in all.
Is the fit check different in Grayson County?
No. It is identical everywhere, and it never looks at your neighborhood.
Where can someone in Grayson County check a lender's license?
With the Kentucky Department of Financial Institutions. If a lender is unlicensed or asks for a fee before funding, walk away.