Quick facts: Cerulean, KY

Quick Facts

99.8
Cost of Living
below US average
419
Population
23.87
Crime Rate per 1000
above US average
$54,330
Median Income
below US average
$37,500
Median House Price
above US average
$1350
Average Rent
below US average
12%
Poverty Rate
above US average
3.0%
Unemployment Rate
below 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 $54,330.

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Income Needed to Buy

βœ“ Affordable
$12k/year
Based on $37,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($54,330) exceeds requirement
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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 $54,330
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cerulean, KY

Cerulean is a small unincorporated community located in Trigg County in western Kentucky. Nestled in the rural landscape, Cerulean is characterized by its tranquil environment and close-knit community atmosphere. The area mainly consists of residential homes, local farms, and open fields, offering a serene lifestyle away from the hustle and bustle of urban life. The community is conveniently positioned near larger towns, providing residents access to necessary amenities, shopping, and recreational activities. Outdoor enthusiasts can enjoy the beautiful landscapes and nearby lakes, making it a great spot for fishing, hiking, and other outdoor pursuits. Cerulean is also known for its rich agricultural roots, with many locals involved in farming. The area reflects the charm of small-town Kentucky, where community events and gatherings are common and local traditions are cherished. Overall, Cerulean offers a peaceful retreat with a strong sense of community and the beauty of the Kentucky landscape.

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