Cost of Living in Walton, KY

Population 5,513 · Kentucky · Data vintage 2023

76
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Walton offers a notably favorable income-to-housing ratio for its region. The typical home — $226,000 — costs less than 3 times median household income of $76,375, a threshold many coastal markets passed a decade ago. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.

Walton sits roughly 20 miles south of Cincinnati — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Cincinnati's $215,000 median.

Cost Overview

Housing 74
Rent 78

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Walton

The median home value in Walton is $226,200 — 26% below the national median of $305,000. Median rent runs $1,021/month, 22% lower than the national median of $1,314/month. The median household income of $76,375/year is 2% higher than the US median of $74,580. The local unemployment rate is 2.9%, below the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. The climate averages highs of 64.4°F and lows of 44.9°F, with about 23.3" of annual snowfall. Overall, Walton has a cost of living index of 76 versus the US average of 100, meaning it is 24% less expensive.

🏠 Housing

Median Home Value
$226,200
26% below avg
Zillow Home Value
$347,989
Zillow ZHVI
Median Rent
$1,021/mo
22% below avg
Price-to-Rent Ratio
18.5x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$636
1 BR
$721
2 BR
$872
3 BR
$1,187
4 BR
$1,336
Owner-occupied 74.0%
Renter-occupied 26.0%

💰 Estimated Monthly Budget

Rent median rent
$1,021
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,635/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
26.9 min
0% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.5%

Commute Mode

Drove alone
80.5%
Carpooled
8.5%
Public transit
0.2%
Walked
1.4%
Work from home
9.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.0%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$76,375
2% above avg
Per Capita Income
$29,872
Unemployment Rate
2.9%
40% below avg
Poverty Rate
7.9%
Labor Force Participation
70.4%

🎓 Education

Bachelor's degree+ 19.9%
Graduate degree 12.0%

👥 Demographics

Median Age 33.2
Male median age 37.6
Female median age 32

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.4°F
Avg Low
44.9°F
Annual Precip
45.3"
Annual Snowfall
23.3"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404454667583868579675443
Low °F 232634445462666557463528
Precip" 3.303.174.164.534.674.753.833.433.113.353.233.73
Snow" 7.76.73.40.40.00.00.00.00.00.20.84.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
76.3%
Good air days/yr
156
Max AQI recorded
0
PM2.5 days
245
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
17.1:1
Student-teacher ratio
4
Public schools
1,868
Total enrollment

Frequently Asked Questions

What is the cost of living in Walton, KY?

Walton has a cost index of 76 (100 = national average). It is 24% below the national average.

What is average rent in Walton, KY?

The median gross rent in Walton is $1,021 per month based on 2023 Census data.

What is the average home price in Walton?

The median home value in Walton is $226,200 according to Zillow and Census data.

What is the median income in Walton?

The median household income in Walton is $76,375 per year (2023 ACS 5-year estimates).

What is the sales tax in Walton, KY?

The combined state and local sales tax rate in Walton is 6.0%. The Kentucky state income tax top rate is 4.0%.

Is Walton, KY affordable?

Yes, Walton is generally considered affordable, with a cost of living index of 76 — about 24% below the US national average of 100.

What is the weather like in Walton?

Walton has average high temperatures of 64.4°F and average lows of 44.9°F. Annual precipitation is 45.3". Average annual snowfall is 23.3". Data from NOAA 1991–2020 Climate Normals.

Walton at a Glance

Population
5,513
Median Income
$76,375
Home Value
$226,200
Median Rent
$1,021/mo
Unemployment
2.9%
Avg High Temp
64.4°F
Sales Tax
6.0%
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