How many renters in Prestonsburg, KY pay more than 30% of their income on rent?

46.4% (±14.3 points) of renting households in Prestonsburg, KY spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

37.2% spend 35% or more.

The median renting household spends 29.0% of its income on rent.

Figures last updated on .

Paying 30% or more
46.4% (±14.3 points)
Paying 35% or more
37.2% (±12.0 points)
Median share of income
29.0% (±4.1 points)

Rent as a share of income in Prestonsburg

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rentPrestonsburgFloyd CountyKentuckyUnited States
Less than 15%12.2% (±10.5 points)25.1%16.6%12.6%
15% to 19.9%12.2% (±9.6 points)11.4%13.5%12.2%
20% to 24.9%10.5% (±5.2 points)11.0%12.7%12.6%
25% to 29.9%18.7% (±9.9 points)9.0%11.8%11.5%
30% to 34.9%9.2% (±7.8 points)7.8%8.8%9.2%
35% or more37.2% (±12.0 points)35.7%36.6%41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Prestonsburg against Floyd County, its state and the nation

Estimate (90% margin of error)
PrestonsburgFloyd CountyKentuckyUnited States
Paying 30% or more46.4% (±14.3 points)43.5% (±8.4 points)45.4% (±0.6 points)51.1%
Paying 35% or more37.2% (±12.0 points)35.7% (±7.3 points)36.6% (±0.5 points)41.9%
Median share of income29.0% (±4.1 points)26.4% (±4.5 points)28.1% (±0.3 points)30.6%
Median renter household income$16,193 (±$7,634)$24,030 (±$3,976)$39,858 (±$584)$52,966
Median gross rent$592 (±$88)$672 (±$59)$967 (±$5)$1,413

In Prestonsburg, the share of renters paying 30% or more of income is not measurably different from Floyd County (43.5%).

It is not measurably different from Kentucky (45.4%).

It is not measurably different from the national figure (51.1%).

In Floyd County, Prestonsburg ranks 4 of 5 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 181 of 425.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Prestonsburg

Nearest places with a published estimate, compared with Prestonsburg
PlaceDistanceRenters paying 30% or more of incomeCompared with this place
Prestonsburg—46.4% (±14.3 points)—
Allen5.2 mi42.0% (±45.4 points)Not measurably different
West Van Lear7.0 mi0.0% (±76.1 points)Not measurably different
Martin7.9 mi48.5% (±24.1 points)Not measurably different
Paintsville9.8 mi49.0% (±16.4 points)Not measurably different
Coal Run Village15 mi55.1% (±27.4 points)Not measurably different
Wayland16 mi100.0% (±141.4 points)Not measurably different
Salyersville17 mi59.3% (±20.3 points)Not measurably different
Inez18 mi81.4% (±22.0 points)Higher

Nearby places with a measurably higher figure: Inez, KY (81.4%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Floyd County, place by place

RankPlaceRenters paying 30% or more of income
1Wayland100.0% (±141.4 points)
2Wheelwright84.0% (±30.9 points)
3Martin48.5% (±24.1 points)
4Prestonsburg46.4% (±14.3 points)
5Allen42.0% (±45.4 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Prestonsburg

Are renters in Prestonsburg rent-burdened?

46.4% of renting households in Prestonsburg pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Prestonsburg spend on rent?

The median renting household in Prestonsburg, KY spends 29.0% (±4.1 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Prestonsburg city, Kentucky (place:62940, in state:21).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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