Is Cold Spring, Kentucky a Good Place To Live? - Living In Cold Spring, KY
Is Cold Spring, Kentucky a good place to live?
Cold Spring is a city in Kentucky state in USA with a population of 6481 residents..
The poverty rate of Cold Spring is 5.5%, which is 61% lower than national average.
The typical household in Cold Spring earns $72756 a year, compared to the national median of $67,500.
Nearly 31.4% of households earn less than $50,000 a year compared to 39% national rate.
A high school education is a basic prerequisite for most jobs, and in Cold Spring, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Cold Spring remained 3.5%, which is 26% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Cold Spring, only 44% of adults have a bachelor's degree and 22% have some college but no degree.
Cost of living in Cold Spring is 101, which is 1% higher than national average. Median home value in Cold Spring is $190000 , which is 17% lower than national average. While median income in Cold Spring remained $72756, which is 8% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
A high school education is a basic prerequisite for most jobs, and in Cold Spring, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Cold Spring remained 3.5%, which is 26% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Cold Spring, only 44% of adults have a bachelor's degree and 22% have some college but no degree.
Cost of living in Cold Spring is 101, which is 1% higher than national average. Median home value in Cold Spring is $190000 , which is 17% lower than national average. While median income in Cold Spring remained $72756, which is 8% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
6481
Unemployment
3.5%
Poverty
5.5%
Overall Score
9
Median Home Cost
$190000
17%
NAT AVG.
Median Income
$72756
8%
NAT AVG.
Median Rent
$945
19%
NAT AVG.
Cost Of Living
101
1%
NAT AVG.
People Living BPL
1 in 18
Unemployed People
1 in 29
People Earning < $10,000
1 in 42
People Earning < $50,000
31.4%
People with <= High School
1 in 2.9
People With Any Degree
1 in 2
Pros & Cons Overview
Jobs85%
Housing80%
Affordability85%
Safety80%
Amenities80%
Diversity20%
Education90%
Commute80%
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