Quick facts: Augusta, KY

Quick Facts

99.8
Cost of Living
below US average
1,098
Population
5.46
Crime Rate per 1000
below US average
$50,135
Median Income
below US average
$225,000
Median House Price
above US average
$1350
Average Rent
below US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,135.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $225,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $50,135
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1350/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $50,135
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Augusta, KY

Augusta is a charming small town located in Bracken County, Kentucky. Nestled along the banks of the Ohio River, it offers picturesque views and a serene atmosphere. With a population of just around 1,200 residents, Augusta is known for its tight-knit community and friendly atmosphere. The historic downtown features quaint shops and local eateries, embracing the town’s rich history. One of Augusta’s highlights is the beautiful riverfront, which provides recreational opportunities such as fishing and boating. The town is also near several parks and nature trails, perfect for outdoor enthusiasts. The annual festivals, including the Augusta Heritage Day, showcase local culture and bring community members together. Education in Augusta is served by the Bracken County School District, with a focus on creating a supportive learning environment. Augusta’s location also makes it convenient for residents to access larger urban areas such as Cincinnati, Ohio, which is just a short drive away, balancing rural charm with urban accessibility. Overall, Augusta, KY, is a delightful place for those seeking a peaceful lifestyle.

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