Living in Loretto, Kentucky
Cost of living, income, home prices, rent and demographics of Loretto · Census data 2020–2024
Loretto has 683 residents with a median age of 42.8. The median household income is $61,250 (4% lower than the Kentucky median), the median home value is $183,100, the median rent is $797/month.
Loretto is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Loretto at a glance
- Population
- 683
- Median age
- 42.8State: 39.1
- Median household income
- $61,250State: $63,726
- Median home value
- $183,100State: $205,600
- Median rent
- $797/moState: $967
- Homeowners
- 89.6%
- Bachelor's degree or higher
- 8.1%
- Average commute
- 33 min
Is Loretto a good place to live?
Pros: Home values 11% lower than the state median; a poverty rate of 8.2%.
Cons: Median household income 4% lower than the Kentucky median; an average commute of 33 minutes; unemployment of 6.4%.
The weather is best in May and August to October.
Cost of living in Loretto
Housing is the biggest part of the cost of living. In Loretto the median home value is $183,100, 45% lower than the U.S. median. Renters pay a median of $797 per month, which is 27.5% of household income. Homeowners with a mortgage pay $1,365 a month in housing costs.
Loretto median household income
The median household income in Loretto is $61,250 and the income per person is $37,767. 8.2% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Loretto: homes for sale and rent
- Housing units
- 312
- Owner-occupied
- 89.6%
- Renter-occupied
- 10.4%
- Vacant
- 10.9%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.46
Loretto demographics
- Population
- 683
- Median age
- 42.8
- Under 18
- 21.2%
- 65 and older
- 22.5%
- Households
- 278
- Foreign-born
- 0.4%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Loretto ›
Education in Loretto
8.1% of adults 25 and older in Loretto have a bachelor's degree or higher (Kentucky: 27.6%), and 2.2% have a graduate or professional degree.
Jobs and commute in Loretto
- Unemployment rate
- 6.4%State: 4.9%
- Average commute
- 33 minState: 24 min
- Work from home
- 1.8%
- Drive alone
- 91.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 86.7%
Loretto vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Loretto | 683 | $61,250 | $183,100 | $797 |
| St. Mary | 147 | $47,500 | $157,100 | — |
| Raywick | 125 | $37,273 | $101,800 | $690 |
| Lebanon | 6,430 | $45,479 | $149,700 | $701 |
| Springfield | 2,899 | $48,750 | $168,600 | $816 |
| New Haven | 837 | $70,000 | $161,700 | $845 |
| Bardstown | 13,804 | $51,381 | $203,500 | $977 |
| Bradfordsville | 444 | $29,722 | — | $681 |
| Mackville | 204 | $51,875 | $112,500 | $608 |
More for people moving to Loretto
Loretto ZIP code ›Weather and climate ›Living in Loretto: FAQ
What is the median household income in Loretto, KY?
The median household income in Loretto is $61,250, 4% 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 Loretto?
The median home value in Loretto is $183,100, compared with $205,600 in Kentucky.
How much is rent in Loretto?
The median gross rent in Loretto is $797 per month, about 27.5% of household income.
Is Loretto, KY a good place to live?
Pluses: home values 11% lower than the state median; a poverty rate of 8.2%. Minuses: median household income 4% lower than the Kentucky median; an average commute of 33 minutes; unemployment of 6.4%.
What is the median age in Loretto?
The median age in Loretto is 42.8 years (Kentucky: 39.1).
How long is the commute in Loretto?
The average commute to work in Loretto is 33 minutes; 1.8% of workers work from home.
What is the unemployment rate in Loretto?
The unemployment rate in Loretto is 6.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Loretto?
8.1% of adults in Loretto 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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