Quick facts: Eubank, KY

Quick Facts

99.8
Cost of Living
below US average
323
Population
37.15
Crime Rate per 1000
above US average
$44,205
Median Income
below US average
$168,000
Median House Price
above US average
$1350
Average Rent
below US average
17%
Poverty Rate
above 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 $44,205.

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Income Needed to Buy

βœ— Stretch
$53k/year
Based on $168,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $53k vs median $44,205
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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 $44,205
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Eubank, KY

Eubank is a small, charming town located in the south-central part of Kentucky, primarily within Somerset and Pulaski County. Known for its friendly community atmosphere, Eubank offers a glimpse into rural Kentucky life. The town is situated near the scenic Lake Cumberland, which provides ample opportunities for outdoor activities like fishing, boating, and hiking. Eubank has a few local shops and restaurants that reflect its small-town charm. Historically, the town has roots dating back to the late 19th century, contributing to its quaint character. The area is characterized by rolling hills and picturesque landscapes typical of the Kentucky countryside, making it an attractive spot for those seeking tranquility away from urban hustle. Residents enjoy a slower pace of life, and the surrounding regions offer numerous recreational opportunities. Additionally, Eubank is within a reasonable driving distance from larger cities like Somerset, allowing for easy access to more extensive amenities while maintaining the charm of a small community. Overall, Eubank encapsulates the essence of southern Kentucky hospitality and lifestyle.

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