Beaver Dam, KY
Population 3,526 · Kentucky
About Beaver Dam, KY
Beaver Dam is a small town located in Kentucky with a population of 3,526 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,546 per year, which is 30% below the national median of $75,149. The median age of 35.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Beaver Dam features a median home value of $155,800, which is 36% below the national median of $244,900. This positions Beaver Dam in a moderately priced market relative to the rest of the country. Median monthly rent is $717, 38% below the national average of $1,163/month. Of the 1,430 total housing units, 63% are owner-occupied (822 units) and 37% are renter-occupied (490 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Beaver Dam shows an unemployment rate of 11.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Beaver Dam have an average one-way commute time of 31.3 minutes.
Education & Demographics
16.9% of Beaver Dam residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.9% White, 3.0% Hispanic or Latino, 0.0% Black or African American, and 8.9% Asian residents, with 10.5% of the population being foreign-born.
Cost of Living in Beaver Dam, KY
Compared to national averages, Beaver Dam has a median household income of $52,546 (30% below the national median of $75,149). Home values average $155,800, which is 36% below the national median. Monthly rent at $717 is 38% below the US average of $1,163. Within Kentucky, Beaver Dam's income is 21% below the state average of $66,273, and home values are 15% below the state median of $182,504.
Why Live in Beaver Dam, KY?
Beaver Dam offers affordable housing with a median home value of $155,800, below the US average of $244,900, and rent that’s lower than the national average at $717/month, and a low poverty rate of 9.5%, better than the national average.
Potential considerations include median household income ($52,546) that falls below the national average. However, Beaver Dam’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Beaver Dam has a population of 3,526 with a median age of 35.2 years. Compare Beaver Dam with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Beaver Dam
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stanford | 3,662 | $55,000 | $154,000 | Compare |
| Southgate | 3,680 | $55,469 | $175,700 | Compare |
| Russell | 3,696 | $76,389 | $207,900 | Compare |
| Claryville | 3,306 | $86,250 | $259,100 | Compare |
| West Liberty | 3,280 | $57,411 | $202,100 | Compare |
| Buckner | 3,786 | $149,700 | $389,900 | Compare |
| Hodgenville | 3,262 | $58,750 | $137,100 | Compare |
| Grayson | 3,820 | $28,548 | $125,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Beaver Dam With Other Cities
Frequently Asked Questions about Beaver Dam
What is the population of Beaver Dam, KY?
The population of Beaver Dam, KY is 3,526 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Kentucky.
What is the median household income in Beaver Dam?
The median household income in Beaver Dam, KY is $52,546 per year, which is 30% below the national median of $75,149.
What is the median home value in Beaver Dam?
The median home value in Beaver Dam, KY is $155,800, which is 36% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Beaver Dam?
The median monthly rent in Beaver Dam, KY is $717, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Beaver Dam?
The unemployment rate in Beaver Dam, KY is 11.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Beaver Dam, KY a good place to live?
Beaver Dam offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,526 and a median age of 35.2, the city appeals to a broad range of residents.
How educated is Beaver Dam, KY?
16.9% of residents in Beaver Dam aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Beaver Dam?
Key cost-of-living indicators for Beaver Dam, KY: median home value is $155,800 (36% below national), median rent is $717/month, and median household income is $52,546. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Beaver Dam?
The poverty rate in Beaver Dam, KY is 9.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Beaver Dam, KY?
Beaver Dam's population is 5.9% White, 3.0% Hispanic or Latino, 0.0% Black or African American, 8.9% Asian, and 1.3% two or more races. 10.5% of residents are foreign-born.