Quick facts: Paducah, KY

Quick Facts

99.8
Cost of Living
below US average
26,834
Population
32.05
Crime Rate per 1000
above US average
$46,984
Median Income
below US average
$59,900
Median House Price
above US average
$1115.0
Average Rent
below US average
13%
Poverty Rate
above US average
5.5%
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 $46,984.

🏠

Income Needed to Buy

βœ“ Affordable
$19k/year
Based on $59,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($46,984) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$48k/year
Based on $1115.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $48k vs median $46,984
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Paducah, KY

Paducah, Kentucky, located at the confluence of the Ohio and Tennessee Rivers, is a city known for its rich history and vibrant arts scene. Founded in 1827, Paducah has a diverse heritage influenced by Native American, European, and African American cultures. The city’s historical significance is reflected in its well-preserved architecture, including the charming downtown area featuring the Paducah Railway Museum and the historical flood wall adorned with murals depicting local history. Paducah is also designated a UNESCO Creative City of Crafts and Folk Art, celebrated for its quilting traditions and artistic community. The National Quilt Museum showcases the finest in quilt artistry, attracting visitors from around the nation. Outdoor enthusiasts enjoy the scenic Riverfront Park and the nearby Land Between the Lakes National Recreation Area, offering recreational activities such as hiking, fishing, and camping. The city hosts several annual events, including the Paducah Riverfront Farmers' Market and the Paducah Renaissance Alliance events. With its blend of culture, history, and outdoor beauty, Paducah offers a welcoming atmosphere for residents and visitors alike.

πŸ” Search & Compare Places

First Location πŸ“