How much rent can you afford in Murray, KY?
Run your salary against Murray's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Murray
At a median rent of $1,112/mo, Murray is moderately stretched when measured against Murray median household income of $44,091/yr. Rent would consume roughly 30% of pre-tax income, and a salary of about $44,480 keeps rent at the recommended 30% threshold.
How Murray compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Murray?
On a $44,091 salary (the Murray median household income), the recommended ceiling is 30% of pre-tax income, or about $1,102/mo. Murray's median rent is $1,112/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Murray?
To keep Murray's $1,112/mo median rent under 30% of income, you'd need about $44,480/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Murray affordable on the median Kentucky income?
Murray is moderately stretched on a $44,091 income. Rent would take 30% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".