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
| Share of income spent on rent | Prestonsburg | Floyd County | Kentucky | United 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 more | 37.2% (±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
| Prestonsburg | Floyd County | Kentucky | United States | |
|---|---|---|---|---|
| Paying 30% or more | 46.4% (±14.3 points) | 43.5% (±8.4 points) | 45.4% (±0.6 points) | 51.1% |
| Paying 35% or more | 37.2% (±12.0 points) | 35.7% (±7.3 points) | 36.6% (±0.5 points) | 41.9% |
| Median share of income | 29.0% (±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
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Prestonsburg | — | 46.4% (±14.3 points) | — |
| Allen | 5.2 mi | 42.0% (±45.4 points) | Not measurably different |
| West Van Lear | 7.0 mi | 0.0% (±76.1 points) | Not measurably different |
| Martin | 7.9 mi | 48.5% (±24.1 points) | Not measurably different |
| Paintsville | 9.8 mi | 49.0% (±16.4 points) | Not measurably different |
| Coal Run Village | 15 mi | 55.1% (±27.4 points) | Not measurably different |
| Wayland | 16 mi | 100.0% (±141.4 points) | Not measurably different |
| Salyersville | 17 mi | 59.3% (±20.3 points) | Not measurably different |
| Inez | 18 mi | 81.4% (±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
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 1 | Wayland | 100.0% (±141.4 points) |
| 2 | Wheelwright | 84.0% (±30.9 points) |
| 3 | Martin | 48.5% (±24.1 points) |
| 4 | Prestonsburg | 46.4% (±14.3 points) |
| 5 | Allen | 42.0% (±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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Prestonsburg city, Kentucky
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Prestonsburg city, Kentucky
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Prestonsburg city, Kentucky
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.
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 .
Related
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- Population growth in Prestonsburg
- How long people stay in Prestonsburg
- Kentucky landlord and tenant rules
- Housing across Floyd County
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- Housing data for every place in Kentucky