Living in Prestonsburg, Kentucky
Cost of living, income, home prices, rent and demographics of Prestonsburg · Census data 2020–2024
Prestonsburg has 3,765 residents with a median age of 37.6. The median household income is $25,746 (60% lower than the Kentucky median), the median home value is $161,300, the median rent is $592/month.
Prestonsburg at a glance
- Population
- 3,765
- Median age
- 37.6State: 39.1
- Median household income
- $25,746State: $63,726
- Median home value
- $161,300State: $205,600
- Median rent
- $592/moState: $967
- Homeowners
- 45%
- Bachelor's degree or higher
- 18.8%
- Average commute
- 17 min
Is Prestonsburg a good place to live?
Pros: Home values 22% lower than the state median; an average commute of 17 minutes.
Cons: Median household income 60% lower than the Kentucky median; unemployment of 19.3%; a poverty rate of 45.3%.
The weather is best in May and August to October.
Cost of living in Prestonsburg
Housing is the biggest part of the cost of living. In Prestonsburg the median home value is $161,300, 52% lower than the U.S. median. Renters pay a median of $592 per month, which is 29% of household income. Homeowners with a mortgage pay $1,523 a month in housing costs.
Prestonsburg median household income
The median household income in Prestonsburg is $25,746 and the income per person is $21,205. 45.3% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Prestonsburg: homes for sale and rent
- Housing units
- 1,848
- Owner-occupied
- 45%
- Renter-occupied
- 55%
- Vacant
- 12.4%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.08
Prestonsburg demographics
- Population
- 3,765
- Median age
- 37.6
- Under 18
- 23.1%
- 65 and older
- 21.9%
- Households
- 1,618
- Foreign-born
- 0.6%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Prestonsburg ›
Education in Prestonsburg
18.8% of adults 25 and older in Prestonsburg have a bachelor's degree or higher (Kentucky: 27.6%), and 7.5% have a graduate or professional degree.
Jobs and commute in Prestonsburg
- Unemployment rate
- 19.3%State: 4.9%
- Average commute
- 17 minState: 24 min
- Work from home
- 5.9%
- Drive alone
- 75.5%
- Public transit
- 0%
- Walk to work
- 8.6%
- Homes with broadband
- 86.3%
Prestonsburg vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prestonsburg | 3,765 | $25,746 | $161,300 | $592 |
| Auxier | 651 | $116,991 | $110,600 | — |
| Allen | 157 | $36,250 | $77,500 | $941 |
| Van Lear | 443 | $35,347 | $81,100 | — |
| West Van Lear | 1,155 | $66,815 | $135,300 | — |
| Martin | 494 | $30,682 | — | $358 |
| Paintsville | 4,203 | $28,257 | $116,100 | $637 |
| Betsy Layne | 557 | $31,838 | — | $1,100 |
| McDowell | 718 | $14,474 | $73,100 | $255 |
More for people moving to Prestonsburg
Prestonsburg ZIP code ›Weather and climate ›Living in Prestonsburg: FAQ
What is the median household income in Prestonsburg, KY?
The median household income in Prestonsburg is $25,746, 60% 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 Prestonsburg?
The median home value in Prestonsburg is $161,300, compared with $205,600 in Kentucky.
How much is rent in Prestonsburg?
The median gross rent in Prestonsburg is $592 per month, about 29% of household income.
Is Prestonsburg, KY a good place to live?
Pluses: home values 22% lower than the state median; an average commute of 17 minutes. Minuses: median household income 60% lower than the Kentucky median; unemployment of 19.3%; a poverty rate of 45.3%.
What is the median age in Prestonsburg?
The median age in Prestonsburg is 37.6 years (Kentucky: 39.1).
How long is the commute in Prestonsburg?
The average commute to work in Prestonsburg is 17 minutes; 5.9% of workers work from home.
What is the unemployment rate in Prestonsburg?
The unemployment rate in Prestonsburg is 19.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prestonsburg?
18.8% of adults in Prestonsburg 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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