Living in Wayland, Kentucky
Cost of living, income, home prices, rent and demographics of Wayland · Census data 2020–2024
Wayland has 316 residents with a median age of 37.3. The median household income is $28,333 (56% lower than the Kentucky median), the median home value is $40,500, the median rent is $633/month.
Wayland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wayland at a glance
- Population
- 316
- Median age
- 37.3State: 39.1
- Median household income
- $28,333State: $63,726
- Median home value
- $40,500State: $205,600
- Median rent
- $633/moState: $967
- Homeowners
- 65.1%
- Bachelor's degree or higher
- 14.1%
- Average commute
- 38 min
Is Wayland a good place to live?
Pros: Home values 80% lower than the state median.
Cons: Median household income 56% lower than the Kentucky median; an average commute of 38 minutes; unemployment of 7.5%; a poverty rate of 48.3%.
The weather is best in May and August to October.
Cost of living in Wayland
Housing is the biggest part of the cost of living. In Wayland the median home value is $40,500, 88% lower than the U.S. median. Renters pay a median of $633 per month, which is 51% of household income. Homeowners with a mortgage pay $968 a month in housing costs.
Wayland median household income
The median household income in Wayland is $28,333 and the income per person is $19,228. 48.3% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Wayland: homes for sale and rent
- Housing units
- 127
- Owner-occupied
- 65.1%
- Renter-occupied
- 34.9%
- Vacant
- 16.5%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.75
Wayland demographics
- Population
- 316
- Median age
- 37.3
- Under 18
- 22.2%
- 65 and older
- 13%
- Households
- 106
- Foreign-born
- 0%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Wayland ›
Education in Wayland
14.1% of adults 25 and older in Wayland have a bachelor's degree or higher (Kentucky: 27.6%), and 9.3% have a graduate or professional degree.
Jobs and commute in Wayland
- Unemployment rate
- 7.5%State: 4.9%
- Average commute
- 38 minState: 24 min
- Work from home
- 0%
- Drive alone
- 74.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 88.7%
Wayland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wayland | 316 | $28,333 | $40,500 | $633 |
| McDowell | 718 | $14,474 | $73,100 | $255 |
| Martin | 494 | $30,682 | — | $358 |
| Pippa Passes | 450 | $73,750 | — | $283 |
| Allen | 157 | $36,250 | $77,500 | $941 |
| Betsy Layne | 557 | $31,838 | — | $1,100 |
| Hindman | 790 | $27,632 | $143,200 | $350 |
| Coal Run Village | 1,724 | $52,750 | $132,400 | $893 |
| Pikeville | 7,490 | $39,955 | $263,800 | $862 |
More for people moving to Wayland
Wayland ZIP code ›Weather and climate ›Living in Wayland: FAQ
What is the median household income in Wayland, KY?
The median household income in Wayland is $28,333, 56% 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 Wayland?
The median home value in Wayland is $40,500, compared with $205,600 in Kentucky.
How much is rent in Wayland?
The median gross rent in Wayland is $633 per month, about 51% of household income.
Is Wayland, KY a good place to live?
Pluses: home values 80% lower than the state median. Minuses: median household income 56% lower than the Kentucky median; an average commute of 38 minutes; unemployment of 7.5%; a poverty rate of 48.3%.
What is the median age in Wayland?
The median age in Wayland is 37.3 years (Kentucky: 39.1).
How long is the commute in Wayland?
The average commute to work in Wayland is 38 minutes; 0% of workers work from home.
What is the unemployment rate in Wayland?
The unemployment rate in Wayland is 7.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wayland?
14.1% of adults in Wayland 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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