Quick facts: Vine grove, KY

Quick Facts

99.8
Cost of Living
below US average
6,880
Population
5.81
Crime Rate per 1000
below US average
$74,035
Median Income
below US average
$295,000
Median House Price
above US average
$1864.71
Average Rent
above US average
9%
Poverty Rate
below 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 $74,035.

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Income Needed to Buy

βœ— Stretch
$93k/year
Based on $295,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $93k vs median $74,035
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Income Needed to Rent

⚠ Stretch
$80k/year
Based on $1864.71/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $80k vs median $74,035
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Vine grove, KY

Vine Grove is a charming small city located in Hardin County, Kentucky. Nestled within the central part of the state, it is part of the Elizabethtown–Fort Knox Metropolitan Statistical Area. With a population of just over 4,000 residents, Vine Grove boasts a close-knit community feel, making it an inviting place for families and individuals alike. The city is characterized by its beautiful landscapes, featuring rolling hills and a serene countryside atmosphere. Vine Grove offers various recreational activities, with several parks and outdoor spaces for residents to enjoy. The local economy is diverse, with various small businesses contributing to the community's growth. Vine Grove is also conveniently located near larger cities like Elizabethtown and Radcliff, allowing residents to easily access additional amenities, shopping options, and entertainment. The city’s rich history, coupled with its welcoming community spirit, makes Vine Grove a wonderful place to live and visit in the heart of Kentucky.

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