Quick facts: Virgie, KY

Quick Facts

99.8
Cost of Living
below US average
522
Population
Crime rate Data is updating, will be available soon
$36,333
Median Income
below US average
$224,500
Median House Price
above US average
$1350
Average Rent
below US average
21%
Poverty Rate
above US average
5.1%
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 $36,333.

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Income Needed to Buy

βœ— Stretch
$70k/year
Based on $224,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $70k vs median $36,333
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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 $36,333
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Virgie, KY

Virgie is a small community located in Pike County, Kentucky. Nestled in the Appalachian region, it offers a picturesque landscape characterized by rolling hills and lush greenery. With a rich coal mining history, Virgie reflects traditional Appalachian culture and local heritage. The area is known for its close-knit community, where residents often engage in various local events and activities. Outdoor enthusiasts can enjoy the surrounding natural beauty, including hiking trails and opportunities for fishing. The region's scenic views make it a charming place for those who appreciate the tranquility of rural life. This small town exemplifies the simplicity and warmth of Kentucky’s Appalachian communities, making it a unique destination for visitors looking to experience authentic southern hospitality. While Virgie may not boast urban amenities, its location provides access to larger towns and cities in the region, where residents can find shopping and entertainment options. Overall, Virgie represents a slice of life in Kentucky that is rich in natural beauty and community spirit.

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