Quick facts: Leitchfield, KY

Quick Facts

99.8
Cost of Living
below US average
6,432
Population
18.81
Crime Rate per 1000
below US average
$43,214
Median Income
below US average
$205,000
Median House Price
above US average
$2250.0
Average Rent
above US average
14%
Poverty Rate
above US average
3.2%
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 $43,214.

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Income Needed to Buy

βœ— Stretch
$64k/year
Based on $205,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $64k vs median $43,214
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Income Needed to Rent

⚠ Stretch
$96k/year
Based on $2250.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $96k vs median $43,214
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Leitchfield, KY

Leitchfield is a small city located in Grayson County, Kentucky. As the county seat, it serves as a central hub for local government and commerce. The city is known for its charming small-town atmosphere, friendly community, and rich history. With a population of approximately 6,500 residents, Leitchfield offers a tight-knit community feel while providing access to essential services and amenities. The city is situated near the shores of the winding Nolin River and close to Nolin Lake, making it a popular spot for outdoor activities such as fishing, boating, and hiking. The nearby Grayson County State Park also offers recreational opportunities for residents and visitors alike. Leitchfield hosts several annual events and festivals, including the Leitchfield BBQ Festival, which attracts participants and visitors from surrounding areas. The downtown area features various shops, restaurants, and local businesses, contributing to the city’s vibrant community life. Overall, Leitchfield is a welcoming city with a rich community spirit, making it an inviting place for both residents and visitors.

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