States › Kentucky › Mayfield

Is Mayfield, KY expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$66962% lower than U.S. average
💵 Families earn per year (2026)$44,181about $3,682/month · 49% lower than U.S. average
🔑 House price$112,50066% lower than U.S. average

Rent 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. Commutes are short, about 16.6 minutes.

How much money do I need?

To rent here comfortably, you should earn about $26,760 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 2 of 87 cities from cheapest to most expensive.

Mayfield
$669
Middletown
$1,622
Paris
$1,027
Oakbrook
$1,754
La Grange
$1,882
Franklin
$912
Harrodsburg
$1,392

How much do households earn in Mayfield?

Under $25k
20.0%
$25k–50k
32.2%
$50k–100k
22.3%
$100k–150k
5.4%
$150k+
4.0%

Share of households by yearly income. 9.5% of households earn $100,000 or more.

Rent by apartment size in Mayfield

SizeMayfieldU.S. average
1 bedroom$469$1,324
2 bedrooms$679$1,509
3 bedrooms$1,032$1,698

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

How expensive is Mayfield 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 Mayfield, so the Kentucky figure is shown.

Taxes and bills in Mayfield

🏛️ Property tax$1,008a year · 0.90% of home value · U.S. $3,119
⚡ Electric bill$186a month (typical) · U.S. $156

Life in Mayfield

Commute to work16.6 minU.S.: 26.4 min
College degree19.3%U.S.: 35.7%
Own their home61.9%U.S.: 65.2%
Below poverty line26.9%U.S.: 12.5%
Unemployment3.4%U.S.: 5.2%

Is it cheaper to rent or buy in Mayfield?

Renting is cheaper right now: about $112 a month less.

Renting
$669
Owning
$781

Owning assumes a typical $112,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,250 for the down payment.

Frequently asked questions

What is the average rent in Mayfield, KY?

Renting in Mayfield costs a median of about $669 a month in 2026, including utilities. The Kentucky median is $1,175.

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

To keep rent under 30% of income, you need about $26,760 a year, or $13 an hour at a full-time job.

Is Mayfield cheap or expensive?

Mayfield is rated Cheap: rent takes 18.2% of the typical household income of $44,181. It ranks 2nd cheapest of 87 Kentucky cities we track.

How much are property taxes in Mayfield?

The median homeowner in Mayfield pays $1,008 a year in property taxes, about 0.90% of the median home value.

Is Mayfield 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 Mayfield?

The median home value in Mayfield is $112,500, about 2.5 times the typical yearly household income.

9,868 people live in Mayfield. Numbers are typical (middle) values.