Quick facts: Crab orchard, KY

Quick Facts

99.8
Cost of Living
below US average
743
Population
4.04
Crime Rate per 1000
below US average
$27,721
Median Income
below US average
$219,900
Median House Price
above US average
$1850.0
Average Rent
above US average
16%
Poverty Rate
above US average
6.1%
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 $27,721.

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Income Needed to Buy

βœ— Stretch
$69k/year
Based on $219,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $69k vs median $27,721
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Income Needed to Rent

⚠ Stretch
$79k/year
Based on $1850.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $79k vs median $27,721
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Crab orchard, KY

Crab Orchard is a charming city located in Lincoln County, Kentucky. Nestled in the heart of the Bluegrass region, it boasts a rich history and a close-knit community atmosphere. The town is known for its rural charm, with picturesque landscapes that include rolling hills and scenic farmland. Crab Orchard serves as a gateway to various outdoor activities, with numerous opportunities for hiking, fishing, and exploring the natural beauty of the area. The nearby Danville offers additional amenities, including shopping, dining, and cultural attractions. Historically, Crab Orchard has been a small but vibrant community, featuring local events and festivals that showcase the town's heritage and traditions. The town is also known for its friendly residents and strong sense of community, making it an inviting place for visitors and newcomers alike. While Crab Orchard may be small in size, it offers a warm welcome and a glimpse into the traditional lifestyle of Southern Kentucky. Whether you’re passing through or considering a longer stay, the town's charm and natural beauty make it a noteworthy destination.

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