Quick facts: Elizabethtown, KY

Quick Facts

90.5
Cost of Living
below US average
31,892
Population
10.35
Crime Rate per 1000
below US average
$54,493
Median Income
below US average
$310,000
Median House Price
above US average
$1809.42
Average Rent
above US average
10%
Poverty Rate
below US average
4.8%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $54,493.

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Income Needed to Buy

βœ— Stretch
$97k/year
Based on $310,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $97k vs median $54,493
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Income Needed to Rent

⚠ Stretch
$78k/year
Based on $1809.42/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $78k vs median $54,493
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Elizabethtown, KY

Elizabethtown, located in Hardin County, Kentucky, is a charming city known for its rich history and vibrant community. With a population of around 30,000 residents, Elizabethtown epitomizes small-town America while also offering modern amenities and conveniences. The city serves as a regional hub, providing access to education, shopping, and healthcare. Home to notable institutions like Elizabethtown Community and Technical College, the city fosters a strong educational environment. Elizabethtown's downtown area features a mix of historic buildings, local boutiques, and restaurants, contributing to its inviting atmosphere. Nature enthusiasts will appreciate the nearby attractions, including the scenic Freeman Lake Park, which offers trails, fishing, and various recreational activities. Elizabethtown is also well-located for those looking to explore the beautiful landscapes of central Kentucky. The annual events, such as the Heartland Festival, highlight the community spirit and draw visitors from surrounding areas. Overall, Elizabethtown combines historical charm with progressive growth, making it a delightful place to live and visit.

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