Carrollton, KY
Population 3,894 · Kentucky
About Carrollton, KY
Carrollton is a small town located in Kentucky with a population of 3,894 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,788 per year, which is 22% below the national median of $75,149. The median age of 34 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 Carrollton features a median home value of $122,400, which is 50% below the national median of $244,900. This makes Carrollton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $862, 26% below the national average of $1,163/month. Of the 1,613 total housing units, 37% are owner-occupied (534 units) and 63% are renter-occupied (908 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 Carrollton shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carrollton have an average one-way commute time of 24.4 minutes.
Education & Demographics
2.1% of Carrollton 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 12.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.2% of the population being foreign-born.
Cost of Living in Carrollton, KY
Compared to national averages, Carrollton has a median household income of $58,788 (22% below the national median of $75,149). Home values average $122,400, which is 50% below the national median. Monthly rent at $862 is 26% below the US average of $1,163. Within Kentucky, Carrollton's income is 11% below the state average of $66,273, and home values are 33% below the state median of $182,504.
Why Live in Carrollton, KY?
Carrollton offers affordable housing with a median home value of $122,400, below the US average of $244,900, and rent that’s lower than the national average at $862/month, and a low poverty rate of 12.1%, better than the national average. Additionally, the city features short commute times averaging just 24.4 minutes.
Potential considerations include median household income ($58,788) that falls below the national average. However, Carrollton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carrollton has a population of 3,894 with a median age of 34 years. Compare Carrollton with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Carrollton
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Williamstown | 3,929 | $71,761 | $159,100 | Compare |
| Lancaster | 3,960 | $45,795 | $134,700 | Compare |
| Prestonsburg | 3,823 | $27,265 | $157,200 | Compare |
| Grayson | 3,820 | $28,548 | $125,600 | Compare |
| Buckner | 3,786 | $149,700 | $389,900 | Compare |
| Crittenden | 4,058 | $51,336 | $168,300 | Compare |
| Russell | 3,696 | $76,389 | $207,900 | Compare |
| Southgate | 3,680 | $55,469 | $175,700 | 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 Carrollton With Other Cities
Frequently Asked Questions about Carrollton
What is the population of Carrollton, KY?
The population of Carrollton, KY is 3,894 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 Carrollton?
The median household income in Carrollton, KY is $58,788 per year, which is 22% below the national median of $75,149.
What is the median home value in Carrollton?
The median home value in Carrollton, KY is $122,400, which is 50% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Carrollton?
The median monthly rent in Carrollton, KY is $862, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Carrollton?
The unemployment rate in Carrollton, KY is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carrollton, KY a good place to live?
Carrollton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,894 and a median age of 34, the city appeals to young professionals and families.
How educated is Carrollton, KY?
2.1% of residents in Carrollton 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 Carrollton?
Key cost-of-living indicators for Carrollton, KY: median home value is $122,400 (50% below national), median rent is $862/month, and median household income is $58,788. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carrollton?
The poverty rate in Carrollton, KY is 12.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carrollton, KY?
Carrollton's population is 12.8% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.5% two or more races. 4.2% of residents are foreign-born.