States › Kentucky › London

Is London, KY expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$90848% lower than U.S. average
💵 Families earn per year (2026)$51,327about $4,277/month · 41% lower than U.S. average
🔑 House price$170,20049% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.3 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $36,320 a year. That is $17 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 14 of 87 cities from cheapest to most expensive.

London
$908
Mount Sterling
$880
Pikeville
$907
Union
$1,743
Villa Hills
$1,486
Russellville
$983
Flatwoods
$1,392

How much do households earn in London?

Under $25k
22.1%
$25k–50k
26.2%
$50k–100k
31.8%
$100k–150k
7.0%
$150k+
2.2%

Share of households by yearly income. 9.3% of households earn $100,000 or more.

Rent by apartment size in London

SizeLondonU.S. average
1 bedroom$659$1,324
2 bedrooms$908$1,509
3 bedrooms$839$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is London overall?

Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).

Housing
64
Goods (food, clothes…)
96
Utilities
75
Other services
97
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for London, so the Kentucky figure is shown.

Taxes and bills in London

🏛️ Property tax$1,138a year · 0.67% of home value · U.S. $3,119
⚡ Electric bill$158a month (typical) · U.S. $156

Life in London

Commute to work24.2 minU.S.: 26.4 min
College degree18%U.S.: 35.7%
Own their home47.2%U.S.: 65.2%
Below poverty line30.2%U.S.: 12.5%
Unemployment3.5%U.S.: 5.2%

Is it cheaper to rent or buy in London?

Renting is cheaper right now: about $273 a month less.

Renting
$908
Owning
$1,181

Owning assumes a typical $170,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,020 for the down payment.

Frequently asked questions

What is the average rent in London, KY?

Renting in London costs a median of about $908 a month in 2026, including utilities. The Kentucky median is $1,175.

How much do I need to make to live in London?

To keep rent under 30% of income, you need about $36,320 a year, or $17 an hour at a full-time job.

Is London cheap or expensive?

London is rated OK: rent takes 21.2% of the typical household income of $51,327. It ranks 14th cheapest of 87 Kentucky cities we track.

How much are property taxes in London?

The median homeowner in London pays $1,138 a year in property taxes, about 0.67% of the median home value.

Is London 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 London?

The median home value in London is $170,200, about 3.3 times the typical yearly household income.

7,561 people live in London. Numbers are typical (middle) values.