Quick facts: Bremen, KY

Quick Facts

99.8
Cost of Living
below US average
172
Population
Crime rate Data is updating, will be available soon
$42,650
Median Income
below US average
$139,900
Median House Price
above US average
$1350
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $42,650.

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Income Needed to Buy

βœ— Stretch
$44k/year
Based on $139,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $44k vs median $42,650
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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 $42,650
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bremen, KY

Bremen is a small town located in McLean County, Kentucky. It has a close-knit community vibe and a rich history that dates back to its founding in the mid-19th century. The town is surrounded by picturesque landscapes, including rolling hills and lush farmland, typical of the Western Kentucky region. Bremen serves as a quiet, rural retreat while still being relatively accessible to larger cities like Owensboro and Madisonville. The town has a charming, laid-back atmosphere with local shops and a few dining options that reflect the flavors of the area. Outdoor enthusiasts can enjoy the scenic beauty of nearby parks and recreational areas, making it a great spot for fishing, hiking, and exploring nature. Agricultural activities play a significant role in the local economy, and residents often engage in community events that celebrate their heritage. Overall, Bremen, KY, offers a peaceful lifestyle away from the hustle and bustle of bigger urban centers, making it an ideal place for those seeking tranquility and a sense of community.

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