States › Kentucky › Taylor Mill

Is Taylor Mill, KY expensive to live in?

CheapRent takes 15 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,19832% lower than U.S. average
💵 Families earn per year (2026)$95,497about $7,958/month · 10% higher than U.S. average
🔑 House price$241,00028% lower than U.S. average

Rent is lower than in 76% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (84.2%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $47,920 a year. That is $23 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 45 of 87 cities from cheapest to most expensive.

Taylor Mill
$1,198
Morehead
$848
Vine Grove
$1,779
Leitchfield
$1,134
Flatwoods
$1,392
Russellville
$983
Cynthiana
$968

How much do households earn in Taylor Mill?

Under $25k
12.3%
$25k–50k
17.8%
$50k–100k
35.8%
$100k–150k
14.2%
$150k+
17.7%

Share of households by yearly income. 31.8% of households earn $100,000 or more.

How expensive is Taylor Mill 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 Taylor Mill, so the Kentucky figure is shown.

Taxes and bills in Taylor Mill

🏛️ Property tax$2,432a year · 1.01% of home value · U.S. $3,119
⚡ Electric bill$162a month (typical) · U.S. $156

Life in Taylor Mill

Commute to work21.2 minU.S.: 26.4 min
College degree38.3%U.S.: 35.7%
Own their home84.2%U.S.: 65.2%
Below poverty line10.9%U.S.: 12.5%
Unemployment2.1%U.S.: 5.2%

Is it cheaper to rent or buy in Taylor Mill?

Renting is cheaper right now: about $474 a month less.

Renting
$1,198
Owning
$1,672

Owning assumes a typical $241,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,100 for the down payment.

Frequently asked questions

What is the average rent in Taylor Mill, KY?

Renting in Taylor Mill costs a median of about $1,198 a month in 2026, including utilities. The Kentucky median is $1,175.

How much do I need to make to live in Taylor Mill?

To keep rent under 30% of income, you need about $47,920 a year, or $23 an hour at a full-time job.

Is Taylor Mill cheap or expensive?

Taylor Mill is rated Cheap: rent takes 15.1% of the typical household income of $95,497. It ranks 45th cheapest of 87 Kentucky cities we track.

How much are property taxes in Taylor Mill?

The median homeowner in Taylor Mill pays $2,432 a year in property taxes, about 1.01% of the median home value.

Is Taylor Mill 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 Taylor Mill?

The median home value in Taylor Mill is $241,000, about 2.5 times the typical yearly household income.

6,937 people live in Taylor Mill. Numbers are typical (middle) values.