Quick facts: Hickman, KY

Quick Facts

99.8
Cost of Living
below US average
4,422
Population
23.29
Crime Rate per 1000
above US average
$68,589
Median Income
below US average
$89,900
Median House Price
above US average
$650.0
Average Rent
below US average
12%
Poverty Rate
above US average
5.7%
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 $68,589.

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Income Needed to Buy

βœ“ Affordable
$28k/year
Based on $89,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($68,589) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$28k/year
Based on $650.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($68,589) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hickman, KY

Hickman is a small city located in Fulton County, Kentucky, near the state’s western edge, bordering the Mississippi River. With a population that hovers around 2,800 residents, Hickman has a close-knit community feel, typical of rural Americana. Established in the early 19th century, the city has historical significance tied to river trade and agriculture. The local economy primarily revolves around farming and related industries, reflecting the rich agricultural heritage of the region. Hickman is also known for its picturesque landscapes, including farmland and vistas overlooking the river, making it appealing for outdoor activities and nature lovers. Hickman boasts several small parks and recreational areas, as well as community events that bring residents together throughout the year. Notable features include the historic downtown area with quaint shops and dining options. The city also serves as a gateway to the larger recreational opportunities found in nearby state parks and the Mississippi River's natural beauty. Overall, Hickman embodies the charm of a small town in Kentucky, offering a peaceful lifestyle while still being accessible to larger urban centers.

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