Living in Drakesboro, Kentucky
Cost of living, income, home prices, rent and demographics of Drakesboro · Census data 2020–2024
Drakesboro has 320 residents with a median age of 38. The median household income is $34,375 (46% lower than the Kentucky median), the median home value is $75,500, the median rent is $964/month.
Drakesboro is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Drakesboro at a glance
- Population
- 320
- Median age
- 38State: 39.1
- Median household income
- $34,375State: $63,726
- Median home value
- $75,500State: $205,600
- Median rent
- $964/moState: $967
- Homeowners
- 83.2%
- Bachelor's degree or higher
- 5.3%
- Average commute
- 23 min
Is Drakesboro a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 23 minutes; unemployment of 4.8%.
Cons: Median household income 46% lower than the Kentucky median; a poverty rate of 46.6%.
The weather is best in May and August to October.
Cost of living in Drakesboro
Housing is the biggest part of the cost of living. In Drakesboro the median home value is $75,500, 77% lower than the U.S. median. Renters pay a median of $964 per month, which is 51% of household income. Homeowners with a mortgage pay $777 a month in housing costs.
Drakesboro median household income
The median household income in Drakesboro is $34,375 and the income per person is $15,867. 46.6% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Drakesboro: homes for sale and rent
- Housing units
- 147
- Owner-occupied
- 83.2%
- Renter-occupied
- 16.8%
- Vacant
- 23.1%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.83
Drakesboro demographics
- Population
- 320
- Median age
- 38
- Under 18
- 24.4%
- 65 and older
- 15.9%
- Households
- 113
- Foreign-born
- 1.9%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Drakesboro ›
Education in Drakesboro
5.3% of adults 25 and older in Drakesboro have a bachelor's degree or higher (Kentucky: 27.6%), and 1.9% have a graduate or professional degree.
Jobs and commute in Drakesboro
- Unemployment rate
- 4.8%State: 4.9%
- Average commute
- 23 minState: 24 min
- Work from home
- 2%
- Drive alone
- 76%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 85.8%
Drakesboro vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Drakesboro | 320 | $34,375 | $75,500 | $964 |
| Beechmont | 771 | $52,240 | $162,900 | — |
| Powderly | 931 | $50,662 | $99,300 | $754 |
| Central City | 5,707 | $50,885 | $143,600 | $683 |
| Greenville | 4,410 | $46,054 | $116,400 | $602 |
| Rochester | 155 | $78,542 | $167,500 | $943 |
| Rockport | 233 | $64,000 | $95,000 | — |
| South Carrollton | 157 | $41,307 | $125,000 | — |
| Dunmor | 209 | $41,806 | $151,100 | — |
More for people moving to Drakesboro
Drakesboro ZIP code ›Weather and climate ›Living in Drakesboro: FAQ
What is the median household income in Drakesboro, KY?
The median household income in Drakesboro is $34,375, 46% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Drakesboro?
The median home value in Drakesboro is $75,500, compared with $205,600 in Kentucky.
How much is rent in Drakesboro?
The median gross rent in Drakesboro is $964 per month, about 51% of household income.
Is Drakesboro, KY a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 23 minutes; unemployment of 4.8%. Minuses: median household income 46% lower than the Kentucky median; a poverty rate of 46.6%.
What is the median age in Drakesboro?
The median age in Drakesboro is 38 years (Kentucky: 39.1).
How long is the commute in Drakesboro?
The average commute to work in Drakesboro is 23 minutes; 2% of workers work from home.
What is the unemployment rate in Drakesboro?
The unemployment rate in Drakesboro is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Drakesboro?
5.3% of adults in Drakesboro have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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