Can A Carpenter Afford Rent in Richmond, KY?
Comfortably affordable — rent takes 26.4% of gross income.
Richmond rent: July 2026. Salary: BLS OEWS May 2024 (Kentucky state estimate).
About rent and a carpenter salary
Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.
Cheaper rent nearby
These Kentucky cities have lower median rent than Richmond, which improves the affordability math on a carpenter salary:
Compare with full rent data for Richmond
View full rent data for Richmond, KY →Frequently asked questions
Can a carpenter afford rent in Richmond, KY?
Median rent in Richmond is $1,179 a month. A typical carpenter in Kentucky earns about $53,627 a year, which makes that rent 26.4% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a carpenter afford in Richmond?
Using the 30% rule, a carpenter salary in Kentucky (~$53,627/yr) supports up to $1,341 a month in rent. Richmond's current median rent is $1,179/mo, which leaves a $162/mo buffer.
How many hours does a carpenter work to cover rent in Richmond?
At an hourly equivalent of about $26 an hour, a carpenter in Kentucky works roughly 45.7 hours a month to cover Richmond's median rent of $1,179.
Where is rent cheaper than Richmond for a carpenter?
Nearby Kentucky cities with lower median rent include Morehead ($1,165/mo), Paducah ($1,164/mo), Oak Grove ($1,163/mo). Each shifts the affordability math materially on a carpenter salary.