Living in Nebo, Kentucky
Cost of living, income, home prices, rent and demographics of Nebo · Census data 2020–2024
Nebo has 217 residents with a median age of 38.3. The median household income is $49,844 (22% lower than the Kentucky median), the median home value is $95,000, the median rent is $967/month.
Nebo is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Nebo at a glance
- Population
- 217
- Median age
- 38.3State: 39.1
- Median household income
- $49,844State: $63,726
- Median home value
- $95,000State: $205,600
- Median rent
- $967/moState: $967
- Homeowners
- 75.3%
- Bachelor's degree or higher
- 9.4%
- Average commute
- 24 min
Is Nebo a good place to live?
Pros: Home values 54% lower than the state median; an average commute of 24 minutes; unemployment of 2.7%; a poverty rate of 14.3%.
Cons: Median household income 22% lower than the Kentucky median.
The weather is best in May and August to October.
Cost of living in Nebo
Housing is the biggest part of the cost of living. In Nebo the median home value is $95,000, 71% lower than the U.S. median. Renters pay a median of $967 per month, which is 35% of household income. Homeowners with a mortgage pay $750 a month in housing costs.
Nebo median household income
The median household income in Nebo is $49,844 and the income per person is $29,367. 14.3% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Nebo: homes for sale and rent
- Housing units
- 95
- Owner-occupied
- 75.3%
- Renter-occupied
- 24.7%
- Vacant
- 14.7%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.68
Nebo demographics
- Population
- 217
- Median age
- 38.3
- Under 18
- 18.9%
- 65 and older
- 18%
- Households
- 81
- Foreign-born
- 0%
- Veterans
- 2.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Nebo ›
Education in Nebo
9.4% of adults 25 and older in Nebo have a bachelor's degree or higher (Kentucky: 27.6%), and 2.7% have a graduate or professional degree.
Jobs and commute in Nebo
- Unemployment rate
- 2.7%State: 4.9%
- Average commute
- 24 minState: 24 min
- Work from home
- 0%
- Drive alone
- 91.4%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 87.7%
Nebo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Nebo | 217 | $49,844 | $95,000 | $967 |
| Providence | 2,857 | $55,121 | $60,300 | $672 |
| Madisonville | 19,515 | $53,860 | $164,100 | $838 |
| Hanson | 958 | $95,903 | $141,500 | $950 |
| Dixon | 1,036 | $46,607 | $82,500 | $781 |
| Slaughters | 175 | $35,625 | $72,100 | $1,208 |
| Earlington | 1,084 | $38,194 | $64,000 | $680 |
| Clay | 996 | $61,250 | $74,400 | $772 |
| St. Charles | 293 | $44,688 | $55,700 | $738 |
More for people moving to Nebo
Nebo ZIP code ›Weather and climate ›Living in Nebo: FAQ
What is the median household income in Nebo, KY?
The median household income in Nebo is $49,844, 22% 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 Nebo?
The median home value in Nebo is $95,000, compared with $205,600 in Kentucky.
How much is rent in Nebo?
The median gross rent in Nebo is $967 per month, about 35% of household income.
Is Nebo, KY a good place to live?
Pluses: home values 54% lower than the state median; an average commute of 24 minutes; unemployment of 2.7%; a poverty rate of 14.3%. Minuses: median household income 22% lower than the Kentucky median.
What is the median age in Nebo?
The median age in Nebo is 38.3 years (Kentucky: 39.1).
How long is the commute in Nebo?
The average commute to work in Nebo is 24 minutes; 0% of workers work from home.
What is the unemployment rate in Nebo?
The unemployment rate in Nebo is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Nebo?
9.4% of adults in Nebo 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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