salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $27,840 a year. That is $13 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 4 of 87 cities from cheapest to most expensive.
How much do households earn in Central City?
Share of households by yearly income. 13.1% of households earn $100,000 or more.
Rent by apartment size in Central City
| Size | Central City | U.S. average |
|---|---|---|
| 1 bedroom | $520 | $1,324 |
| 2 bedrooms | $791 | $1,509 |
| 3 bedrooms | $737 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Central City 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 Central City, so the Kentucky figure is shown.
Taxes and bills in Central City
Life in Central City
Is it cheaper to rent or buy in Central City?
Renting is cheaper right now: about $300 a month less.
Owning assumes a typical $143,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,360 for the down payment.
Frequently asked questions
What is the average rent in Central City, KY?
Renting in Central City costs a median of about $696 a month in 2026, including utilities. The Kentucky median is $1,175.
How much do I need to make to live in Central City?
To keep rent under 30% of income, you need about $27,840 a year, or $13 an hour at a full-time job.
Is Central City cheap or expensive?
Central City is rated Cheap: rent takes 15.2% of the typical household income of $54,879. It ranks 4th cheapest of 87 Kentucky cities we track.
How much are property taxes in Central City?
The median homeowner in Central City pays $959 a year in property taxes, about 0.67% of the median home value.
Is Central City 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 Central City?
The median home value in Central City is $143,600, about 2.6 times the typical yearly household income.
5,707 people live in Central City. Numbers are typical (middle) values.