Living in Silver Grove, Kentucky
Cost of living, income, home prices, rent and demographics of Silver Grove · Census data 2020–2024
Silver Grove has 1,008 residents with a median age of 44.2. The median household income is $46,595 (27% lower than the Kentucky median), the median home value is $107,700, the median rent is $587/month.
Silver Grove is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Silver Grove at a glance
- Population
- 1,008
- Median age
- 44.2State: 39.1
- Median household income
- $46,595State: $63,726
- Median home value
- $107,700State: $205,600
- Median rent
- $587/moState: $967
- Homeowners
- 59.7%
- Bachelor's degree or higher
- 12.3%
- Average commute
- 24 min
Is Silver Grove a good place to live?
Pros: Home values 48% lower than the state median; a poverty rate of 7.5%.
Cons: Median household income 27% lower than the Kentucky median; an average commute of 24 minutes; unemployment of 8%.
The weather is best in May–June and August–September.
Cost of living in Silver Grove
Housing is the biggest part of the cost of living. In Silver Grove the median home value is $107,700, 68% lower than the U.S. median. Renters pay a median of $587 per month, which is 23.5% of household income. Homeowners with a mortgage pay $1,049 a month in housing costs.
Silver Grove median household income
The median household income in Silver Grove is $46,595 and the income per person is $33,827. 7.5% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Silver Grove: homes for sale and rent
- Housing units
- 590
- Owner-occupied
- 59.7%
- Renter-occupied
- 40.3%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 1945
- Average household size
- 1.78
Silver Grove demographics
- Population
- 1,008
- Median age
- 44.2
- Under 18
- 16.5%
- 65 and older
- 9.5%
- Households
- 566
- Foreign-born
- 2%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Silver Grove ›
Education in Silver Grove
12.3% of adults 25 and older in Silver Grove have a bachelor's degree or higher (Kentucky: 27.6%), and 6.4% have a graduate or professional degree.
Jobs and commute in Silver Grove
- Unemployment rate
- 8%State: 4.9%
- Average commute
- 24 minState: 24 min
- Work from home
- 5.2%
- Drive alone
- 88.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 73.1%
Silver Grove vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Silver Grove | 1,008 | $46,595 | $107,700 | $587 |
| Crestview | 505 | $93,750 | $173,900 | $1,521 |
| Melbourne | 627 | $80,000 | $166,200 | $638 |
| Salem Heights | 3,602 | $93,700 | $245,200 | — |
| Cold Spring | 6,341 | $75,000 | $253,600 | $1,191 |
| Fruit Hill | 4,200 | $107,254 | $271,300 | — |
| Highland Heights | 6,444 | $53,275 | $169,700 | $1,144 |
| Coldstream | 1,540 | $231,538 | $849,600 | — |
| Sherwood | 3,808 | $125,729 | $301,200 | — |
More for people moving to Silver Grove
Silver Grove ZIP code ›Weather and climate ›Living in Silver Grove: FAQ
What is the median household income in Silver Grove, KY?
The median household income in Silver Grove is $46,595, 27% 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 Silver Grove?
The median home value in Silver Grove is $107,700, compared with $205,600 in Kentucky.
How much is rent in Silver Grove?
The median gross rent in Silver Grove is $587 per month, about 23.5% of household income.
Is Silver Grove, KY a good place to live?
Pluses: home values 48% lower than the state median; a poverty rate of 7.5%. Minuses: median household income 27% lower than the Kentucky median; an average commute of 24 minutes; unemployment of 8%.
What is the median age in Silver Grove?
The median age in Silver Grove is 44.2 years (Kentucky: 39.1).
How long is the commute in Silver Grove?
The average commute to work in Silver Grove is 24 minutes; 5.2% of workers work from home.
What is the unemployment rate in Silver Grove?
The unemployment rate in Silver Grove is 8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Silver Grove?
12.3% of adults in Silver Grove 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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