Living in Midway, Kentucky
Cost of living, income, home prices, rent and demographics of Midway · Census data 2020–2024
Midway has 1,776 residents with a median age of 39.7. The median household income is $61,650 (3% lower than the Kentucky median), the median home value is $243,500, the median rent is $976/month.
Midway at a glance
- Population
- 1,776
- Median age
- 39.7State: 39.1
- Median household income
- $61,650State: $63,726
- Median home value
- $243,500State: $205,600
- Median rent
- $976/moState: $967
- Homeowners
- 75.5%
- Bachelor's degree or higher
- 40.9%
- Average commute
- 22 min
Is Midway a good place to live?
Pros: An average commute of 22 minutes; a poverty rate of 8.2%.
Cons: Median household income 3% lower than the Kentucky median; home values 18% higher than the state median; unemployment of 8.8%.
The weather is best in May–June and August–September.
Cost of living in Midway
Housing is the biggest part of the cost of living. In Midway the median home value is $243,500, 27% lower than the U.S. median. Renters pay a median of $976 per month, which is 38.2% of household income. Homeowners with a mortgage pay $1,596 a month in housing costs.
Midway median household income
The median household income in Midway is $61,650 and the income per person is $35,184. 8.2% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Midway: homes for sale and rent
- Housing units
- 714
- Owner-occupied
- 75.5%
- Renter-occupied
- 24.5%
- Vacant
- 5.7%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.08
Midway demographics
- Population
- 1,776
- Median age
- 39.7
- Under 18
- 11.4%
- 65 and older
- 21.5%
- Households
- 673
- Foreign-born
- 5.8%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Midway ›
Education in Midway
40.9% of adults 25 and older in Midway have a bachelor's degree or higher (Kentucky: 27.6%), and 17.7% have a graduate or professional degree.
Jobs and commute in Midway
- Unemployment rate
- 8.8%State: 4.9%
- Average commute
- 22 minState: 24 min
- Work from home
- 16.2%
- Drive alone
- 67.3%
- Public transit
- 0%
- Walk to work
- 4.3%
- Homes with broadband
- 94.9%
Midway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Midway | 1,776 | $61,650 | $243,500 | $976 |
| Versailles | 10,492 | $62,368 | $286,100 | $1,160 |
| Stamping Ground | 994 | $62,500 | $204,300 | $1,077 |
| Frankfort | 28,503 | $53,073 | $183,700 | $944 |
| Georgetown | 39,117 | $80,088 | $265,400 | $1,255 |
| Lawrenceburg | 11,943 | $66,486 | $201,100 | $954 |
| Keene | 346 | $130,625 | $115,300 | — |
| Lexington-Fayette | 323,725 | $69,479 | $293,500 | $1,164 |
| Salvisa | 236 | $61,250 | $136,600 | — |
More for people moving to Midway
Midway ZIP code ›Weather and climate ›Living in Midway: FAQ
What is the median household income in Midway, KY?
The median household income in Midway is $61,650, 3% 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 Midway?
The median home value in Midway is $243,500, compared with $205,600 in Kentucky.
How much is rent in Midway?
The median gross rent in Midway is $976 per month, about 38.2% of household income.
Is Midway, KY a good place to live?
Pluses: an average commute of 22 minutes; a poverty rate of 8.2%. Minuses: median household income 3% lower than the Kentucky median; home values 18% higher than the state median; unemployment of 8.8%.
What is the median age in Midway?
The median age in Midway is 39.7 years (Kentucky: 39.1).
How long is the commute in Midway?
The average commute to work in Midway is 22 minutes; 16.2% of workers work from home.
What is the unemployment rate in Midway?
The unemployment rate in Midway is 8.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Midway?
40.9% of adults in Midway 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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