Living in Providence, Kentucky
Cost of living, income, home prices, rent and demographics of Providence · Census data 2020–2024
Providence has 2,857 residents with a median age of 39.6. The median household income is $55,121 (14% lower than the Kentucky median), the median home value is $60,300, the median rent is $672/month.
Providence at a glance
- Population
- 2,857
- Median age
- 39.6State: 39.1
- Median household income
- $55,121State: $63,726
- Median home value
- $60,300State: $205,600
- Median rent
- $672/moState: $967
- Homeowners
- 57.9%
- Bachelor's degree or higher
- 11.6%
- Average commute
- 32 min
Is Providence a good place to live?
Pros: Home values 71% lower than the state median.
Cons: Median household income 14% lower than the Kentucky median; an average commute of 32 minutes; unemployment of 5.6%; a poverty rate of 19.9%.
The weather is best in May and August to October.
Cost of living in Providence
Housing is the biggest part of the cost of living. In Providence the median home value is $60,300, 82% lower than the U.S. median. Renters pay a median of $672 per month, which is 14.6% of household income. Homeowners with a mortgage pay $997 a month in housing costs.
Providence median household income
The median household income in Providence is $55,121 and the income per person is $24,223. 19.9% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Providence: homes for sale and rent
- Housing units
- 1,421
- Owner-occupied
- 57.9%
- Renter-occupied
- 42.1%
- Vacant
- 17.6%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.40
Providence demographics
- Population
- 2,857
- Median age
- 39.6
- Under 18
- 22.4%
- 65 and older
- 14.1%
- Households
- 1,171
- Foreign-born
- 0%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Providence ›
Education in Providence
11.6% of adults 25 and older in Providence have a bachelor's degree or higher (Kentucky: 27.6%), and 2.1% have a graduate or professional degree.
Jobs and commute in Providence
- Unemployment rate
- 5.6%State: 4.9%
- Average commute
- 32 minState: 24 min
- Work from home
- 1.1%
- Drive alone
- 65.6%
- Public transit
- 0%
- Walk to work
- 6.2%
- Homes with broadband
- 91.2%
Providence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Providence | 2,857 | $55,121 | $60,300 | $672 |
| Nebo | 217 | $49,844 | $95,000 | $967 |
| Clay | 996 | $61,250 | $74,400 | $772 |
| Dixon | 1,036 | $46,607 | $82,500 | $781 |
| Madisonville | 19,515 | $53,860 | $164,100 | $838 |
| Slaughters | 175 | $35,625 | $72,100 | $1,208 |
| Hanson | 958 | $95,903 | $141,500 | $950 |
| Dawson Springs | 1,951 | $32,838 | $70,000 | $538 |
| Earlington | 1,084 | $38,194 | $64,000 | $680 |
More for people moving to Providence
Providence ZIP code ›Weather and climate ›Living in Providence: FAQ
What is the median household income in Providence, KY?
The median household income in Providence is $55,121, 14% 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 Providence?
The median home value in Providence is $60,300, compared with $205,600 in Kentucky.
How much is rent in Providence?
The median gross rent in Providence is $672 per month, about 14.6% of household income.
Is Providence, KY a good place to live?
Pluses: home values 71% lower than the state median. Minuses: median household income 14% lower than the Kentucky median; an average commute of 32 minutes; unemployment of 5.6%; a poverty rate of 19.9%.
What is the median age in Providence?
The median age in Providence is 39.6 years (Kentucky: 39.1).
How long is the commute in Providence?
The average commute to work in Providence is 32 minutes; 1.1% of workers work from home.
What is the unemployment rate in Providence?
The unemployment rate in Providence is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Providence?
11.6% of adults in Providence 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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