Quick facts: Petersburg, KY

Quick Facts

99.8
Cost of Living
below US average
587
Population
25.55
Crime Rate per 1000
above US average
$117,917
Median Income
above US average
$554,900
Median House Price
above US average
$1350
Average Rent
below US average
Poverty rate Data is updating, will be available soon
3.5%
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 $117,917.

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Income Needed to Buy

βœ— Stretch
$174k/year
Based on $554,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $174k vs median $117,917
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Income Needed to Rent

βœ“ Affordable
$58k/year
Based on $1350/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($117,917) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Petersburg, KY

Petersburg, Kentucky, is a small city located in Boone County, with a picturesque charm surrounded by rural landscapes. Nestled near the Ohio River, it sits approximately 15 miles southwest of Cincinnati, Ohio, making it a convenient location for those seeking suburban tranquility with easy access to urban amenities. The city boasts a close-knit community atmosphere, with friendly residents and local businesses contributing to its quaint character. Petersburg is known for its recreational opportunities, with several parks and outdoor spaces for residents and visitors to enjoy. The nearby Creation Museum and Ark Encounter attract tourists, showcasing a blend of educational and entertaining experiences centered on biblical themes. Historically, Petersburg has maintained its small-town feel while experiencing gradual growth, incorporating modern conveniences while preserving its heritage. The city's strategic location allows for easy commutes to larger cities, appealing to families and individuals seeking a peaceful lifestyle without straying far from metropolitan areas. Overall, Petersburg offers a blend of rural charm and accessibility, making it a hidden gem in northern Kentucky.

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