Booneville, KY
Population 142 · Kentucky
About Booneville, KY
Booneville is a small community located in Kentucky with a population of 142 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,500 per year, which is 30% below the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Booneville features a median home value of $208,900, which is 15% below the national median of $244,900. This positions Booneville in a moderately priced market relative to the rest of the country. Median monthly rent is $596, 49% below the national average of $1,163/month. Of the 64 total housing units, 43% are owner-occupied (23 units) and 57% are renter-occupied (31 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Booneville shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Booneville have an average one-way commute time of 9.2 minutes, one of the shorter commutes in the region.
Education & Demographics
10.8% of Booneville 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 0.0% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Booneville, KY
Compared to national averages, Booneville has a median household income of $52,500 (30% below the national median of $75,149). Home values average $208,900, which is 15% below the national median. Monthly rent at $596 is 49% below the US average of $1,163. Within Kentucky, Booneville's income is 21% below the state average of $66,273, and home values are 14% above the state median of $182,504.
Why Live in Booneville, KY?
Booneville offers affordable housing with a median home value of $208,900, below the US average of $244,900, and rent that’s lower than the national average at $596/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 11.3%, better than the national average, and short commute times averaging just 9.2 minutes.
Potential considerations include median household income ($52,500) that falls below the national average. However, Booneville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Booneville has a population of 142 with a median age of 38.8 years. Compare Booneville with other cities to see how it stacks up, or explore all cities in Kentucky.
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Demographics
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Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Booneville
What is the population of Booneville, KY?
The population of Booneville, KY is 142 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Booneville?
The median household income in Booneville, KY is $52,500 per year, which is 30% below the national median of $75,149.
What is the median home value in Booneville?
The median home value in Booneville, KY is $208,900, which is 15% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Booneville?
The median monthly rent in Booneville, KY is $596, which is 49% below the national average of $1,163/month.
What is the unemployment rate in Booneville?
The unemployment rate in Booneville, KY is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Booneville, KY a good place to live?
Booneville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 142 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Booneville, KY?
10.8% of residents in Booneville 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 Booneville?
Key cost-of-living indicators for Booneville, KY: median home value is $208,900 (15% below national), median rent is $596/month, and median household income is $52,500. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Booneville?
The poverty rate in Booneville, KY is 11.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Booneville, KY?
Booneville's population is 0.0% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.