States › Kentucky › Winchester

Is Winchester, KY expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,12636% lower than U.S. average
💵 Families earn per year (2026)$58,647about $4,887/month · 33% lower than U.S. average
🔑 House price$188,30043% lower than U.S. average

Rent is lower than in 80% of U.S. cities. A typical house costs about 3.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $45,040 a year. That is $22 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 36 of 87 cities from cheapest to most expensive.

Winchester
$1,126
Madisonville
$708
Erlanger
$1,226
Mount Washington
$1,061
Murray
$1,104
Burlington
$1,474
Shelbyville
$1,201

How much do households earn in Winchester?

Under $25k
22.1%
$25k–50k
27.1%
$50k–100k
30.9%
$100k–150k
10.8%
$150k+
3.8%

Share of households by yearly income. 14.7% of households earn $100,000 or more.

Rent by apartment size in Winchester

SizeWinchesterU.S. average
Studio$411$1,338
1 bedroom$694$1,324
2 bedrooms$986$1,509
3 bedrooms$1,262$1,698
4 bedrooms$955$2,098

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

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

Taxes and bills in Winchester

🏛️ Property tax$1,362a year · 0.72% of home value · U.S. $3,119
⚡ Electric bill$143a month (typical) · U.S. $156

Life in Winchester

Commute to work21.9 minU.S.: 26.4 min
College degree22.4%U.S.: 35.7%
Own their home60.5%U.S.: 65.2%
Below poverty line17.3%U.S.: 12.5%
Unemployment3.6%U.S.: 5.2%

Is it cheaper to rent or buy in Winchester?

Renting is cheaper right now: about $181 a month less.

Renting
$1,126
Owning
$1,307

Owning assumes a typical $188,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,830 for the down payment.

Frequently asked questions

What is the average rent in Winchester, KY?

Renting in Winchester costs a median of about $1,126 a month in 2026, including utilities. The Kentucky median is $1,175.

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

To keep rent under 30% of income, you need about $45,040 a year, or $22 an hour at a full-time job.

Is Winchester cheap or expensive?

Winchester is rated OK: rent takes 23.0% of the typical household income of $58,647. It ranks 36th cheapest of 87 Kentucky cities we track.

How much are property taxes in Winchester?

The median homeowner in Winchester pays $1,362 a year in property taxes, about 0.72% of the median home value.

Is Winchester 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 Winchester?

The median home value in Winchester is $188,300, about 3.2 times the typical yearly household income.

19,213 people live in Winchester. Numbers are typical (middle) values.