salaryRent is lower than in 80% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (91.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $45,080 a year. That is $22 an hour at a full-time job.
Is rent cheaper than other Kentucky cities?
Yes. Rent here is cheaper than in most of Kentucky. It is number 37 of 87 cities from cheapest to most expensive.
How much do households earn in Alexandria?
Share of households by yearly income. 42.0% of households earn $100,000 or more.
Rent by apartment size in Alexandria
| Size | Alexandria | U.S. average |
|---|---|---|
| 1 bedroom | $1,128 | $1,324 |
| 2 bedrooms | $1,172 | $1,509 |
| 3 bedrooms | $1,679 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Alexandria overall?
Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Alexandria, so the Kentucky figure is shown.
Taxes and bills in Alexandria
Life in Alexandria
Is it cheaper to rent or buy in Alexandria?
Renting is cheaper right now: about $849 a month less.
Owning assumes a typical $284,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $28,480 for the down payment.
Frequently asked questions
What is the average rent in Alexandria, KY?
Renting in Alexandria costs a median of about $1,127 a month in 2026, including utilities. The Kentucky median is $1,175.
How much do I need to make to live in Alexandria?
To keep rent under 30% of income, you need about $45,080 a year, or $22 an hour at a full-time job.
Is Alexandria cheap or expensive?
Alexandria is rated Cheap: rent takes 12.3% of the typical household income of $110,265. It ranks 37th cheapest of 87 Kentucky cities we track.
How much are property taxes in Alexandria?
The median homeowner in Alexandria pays $2,732 a year in property taxes, about 0.96% of the median home value.
Is Alexandria more expensive than the national average?
Overall prices in Kentucky are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Alexandria?
The median home value in Alexandria is $284,800, about 2.6 times the typical yearly household income.
10,562 people live in Alexandria. Numbers are typical (middle) values.