Living in Independence, Kentucky
Cost of living, income, home prices, rent and demographics of Independence · Census data 2020–2024
Independence has 29,392 residents with a median age of 33.7. The median household income is $102,361 (61% higher than the Kentucky median), the median home value is $263,700, the median rent is $1,250/month.
Independence at a glance
- Population
- 29,392
- Median age
- 33.7State: 39.1
- Median household income
- $102,361State: $63,726
- Median home value
- $263,700State: $205,600
- Median rent
- $1,250/moState: $967
- Homeowners
- 83.8%
- Bachelor's degree or higher
- 36.4%
- Average commute
- 27 min
Is Independence a good place to live?
Pros: Median household income 61% higher than the Kentucky median; unemployment of 4.3%; a poverty rate of 8.8%.
Cons: Home values 28% higher than the state median; an average commute of 27 minutes.
The weather is best in May–June and August–September.
Cost of living in Independence
Housing is the biggest part of the cost of living. In Independence the median home value is $263,700, 21% lower than the U.S. median. Renters pay a median of $1,250 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,666 a month in housing costs.
Independence median household income
The median household income in Independence is $102,361 and the income per person is $39,714. 8.8% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Independence: homes for sale and rent
- Housing units
- 10,008
- Owner-occupied
- 83.8%
- Renter-occupied
- 16.2%
- Vacant
- 1.9%Includes seasonal homes
- Median year built
- 1999
- Average household size
- 3.00
Independence demographics
- Population
- 29,392
- Median age
- 33.7
- Under 18
- 27.9%
- 65 and older
- 10.7%
- Households
- 9,813
- Foreign-born
- 3.1%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Independence ›
Education in Independence
36.4% of adults 25 and older in Independence have a bachelor's degree or higher (Kentucky: 27.6%), and 11.2% have a graduate or professional degree.
Jobs and commute in Independence
- Unemployment rate
- 4.3%State: 4.9%
- Average commute
- 27 minState: 24 min
- Work from home
- 13.6%
- Drive alone
- 78.7%
- Public transit
- 0.2%
- Walk to work
- 0.4%
- Homes with broadband
- 96.6%
Independence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Independence | 29,392 | $102,361 | $263,700 | $1,250 |
| Edgewood | 8,447 | $119,028 | $312,200 | $1,073 |
| Elsmere | 9,205 | $60,503 | $171,900 | $1,351 |
| Taylor Mill | 6,937 | $88,546 | $241,000 | $1,139 |
| Fairview | 120 | $56,250 | $133,300 | — |
| Crestview Hills | 3,284 | $95,441 | $279,800 | $1,481 |
| Lakeside Park | 2,828 | $128,650 | $360,400 | $1,154 |
| Covington | 41,110 | $61,166 | $187,300 | $1,006 |
| Florence | 32,803 | $71,003 | $210,700 | $1,329 |
More for people moving to Independence
Independence ZIP code ›Weather and climate ›Living in Independence: FAQ
What is the median household income in Independence, KY?
The median household income in Independence is $102,361, 61% higher 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 Independence?
The median home value in Independence is $263,700, compared with $205,600 in Kentucky.
How much is rent in Independence?
The median gross rent in Independence is $1,250 per month, about 26.3% of household income.
Is Independence, KY a good place to live?
Pluses: median household income 61% higher than the Kentucky median; unemployment of 4.3%; a poverty rate of 8.8%. Minuses: home values 28% higher than the state median; an average commute of 27 minutes.
What is the median age in Independence?
The median age in Independence is 33.7 years (Kentucky: 39.1).
How long is the commute in Independence?
The average commute to work in Independence is 27 minutes; 13.6% of workers work from home.
What is the unemployment rate in Independence?
The unemployment rate in Independence is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Independence?
36.4% of adults in Independence 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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