salaryRent is lower than in 64% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (75.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $55,680 a year. That is $27 an hour at a full-time job.
Is rent cheaper than other Kentucky cities?
No. Rent here is more expensive than in most of Kentucky. It is number 62 of 87 cities from cheapest to most expensive.
How much do households earn in Flatwoods?
Share of households by yearly income. 11.6% of households earn $100,000 or more.
Rent by apartment size in Flatwoods
| Size | Flatwoods | U.S. average |
|---|---|---|
| 1 bedroom | $487 | $1,324 |
| 2 bedrooms | $875 | $1,509 |
| 3 bedrooms | $1,230 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Flatwoods 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 Flatwoods, so the Kentucky figure is shown.
Taxes and bills in Flatwoods
Life in Flatwoods
Is it cheaper to rent or buy in Flatwoods?
Buying is cheaper month to month: about $597 a month less than renting.
Owning assumes a typical $114,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,460 for the down payment.
Frequently asked questions
What is the average rent in Flatwoods, KY?
Renting in Flatwoods costs a median of about $1,392 a month in 2026, including utilities. The Kentucky median is $1,175.
How much do I need to make to live in Flatwoods?
To keep rent under 30% of income, you need about $55,680 a year, or $27 an hour at a full-time job.
Is Flatwoods cheap or expensive?
Flatwoods is rated OK: rent takes 25.8% of the typical household income of $64,680. It ranks 62nd cheapest of 87 Kentucky cities we track.
How much are property taxes in Flatwoods?
The median homeowner in Flatwoods pays $1,083 a year in property taxes, about 0.95% of the median home value.
Is Flatwoods 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 Flatwoods?
The median home value in Flatwoods is $114,600, about 1.8 times the typical yearly household income.
7,269 people live in Flatwoods. Numbers are typical (middle) values.