Cost of Living in Independence, KY
Population: 29,024 • 2026 Data
$98,653
Median Household Income
+27% vs national
$1,204
Median Monthly Rent
-11% vs national
$240,500
Median Home Value
-29% vs national
2.8%
Unemployment Rate
Housing in Independence
The median home value in Independence, KY is $240,500. Monthly rent for a typical unit averages $1,204, while total monthly housing costs (including utilities and insurance) average $1,410.
Rent-to-income ratio: 14.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Independence, KY is $98,653. The unemployment rate stands at 2.8%, with a labor force of 16,184 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.