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Independence, Kentucky

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
29,392
Population
$102,361
Median Income
$263,700
Home Value
33.7
Median Age

Demographics

Independence has a population of 29,392 with a median age of 33.7. Here is the racial and ethnic breakdown of the population:

White
92.4%
Other
2.6%
Hispanic
2.5%
Black
1.5%
Asian
1.0%
Demographic Value
Total Population29,392
Median Age33.7
White92.4%
Black or African American1.5%
Asian1.0%
Hispanic or Latino2.5%
Other / Two or More Races2.6%
Independence, Kentucky — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 92.4%Other: 2.6%Hispanic/Latino: 2.5%Other: 2.5%29,392PopulationWhiteWhite92.4%OtherOther2.6%Hispanic/LatinoHispanic/Latino2.5%OtherOther2.5%

Income & Economy

The median household income in Independence is $102,361, which is 27.0% above the national median of $80,610. The per capita income is $39,714. The poverty rate is 8.8%.

$102,361
Median Household Income
$39,714
Per Capita Income
8.8%
Poverty Rate

Employment

The unemployment rate in Independence is 4.3%, compared to the national rate of 4.1%.

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Education

In Independence, 94.9% of residents age 25+ have a high school diploma or higher, and 36.4% hold a bachelor's degree or higher (11.2% with a graduate or professional degree).

HS Diploma+
94.9%
Bachelor's+
36.4%
Graduate+
11.2%
Education Level % of Adults (25+)
High School Diploma or Higher94.9%
Bachelor's Degree or Higher36.4%
Graduate or Professional Degree11.2%

Housing

The median home value in Independence is $263,700, below the national median of $303,400. The median monthly rent is $1,250. The homeownership rate is 83.8%.

$263,700
Median Home Value
$1,250/mo
Median Rent
83.8%
Homeownership Rate
Housing Metric Value
Median Home Value$263,700
Median Monthly Rent$1,250
Homeownership Rate83.8%
Vacancy Rate1.9%

Salaries in Kentucky

Explore salary data for popular occupations in Kentucky:

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Other Cities in Kentucky

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Frequently Asked Questions

What is the population of Independence, Kentucky?
The population of Independence, Kentucky is 29,392 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Independence, Kentucky?
The median household income in Independence, Kentucky is $102,361. This is 27.0% above the national median of $80,610.
What is the median home value in Independence, Kentucky?
The median home value in Independence, Kentucky is $263,700. The median monthly rent is $1,250.
What percentage of people in Independence have a college degree?
In Independence, Kentucky, 36.4% of adults age 25 and older hold a bachelor's degree or higher, and 94.9% have a high school diploma or higher.
Is Independence, Kentucky an affordable place to live?
The home price-to-income ratio in Independence, Kentucky is 2.6x (median home value $263,700 vs. median income $102,361), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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