Drakesboro, KY
Population 586 · Kentucky
About Drakesboro, KY
Drakesboro is a small community in Kentucky with a population of 586 residents. The median household income is $41,500 per year, which is below the national average. The median age in Drakesboro is 42.2 years.
Housing in Drakesboro has a median home value of $76,900 and median monthly rent of $931. Of the 217 total housing units, the majority are owner-occupied, with 160 owner-occupied and 22 renter-occupied units.
The unemployment rate in Drakesboro is 4.3% and the poverty rate is 37.2%. 4.2% of residents hold a bachelor's degree or higher. The average commute time is 24 minutes.
How Drakesboro Ranks in Kentucky
Cost of Living in Drakesboro, KY
Compared to national averages, Drakesboro has a median household income of $41,500 (45% below the national median of $75,149). Home values average $76,900, which is 69% below the national median. Monthly rent at $931 is 20% below the US average of $1,163. Within Kentucky, Drakesboro's income is 37% below the state average of $66,273, and home values are 58% below the state median of $182,504.
Why Live in Drakesboro, KY?
Drakesboro offers affordable housing with a median home value of $76,900, below the US average of $244,900, and rent that’s lower than the national average at $931/month, and short commute times averaging just 24 minutes.
Potential considerations include median household income ($41,500) that falls below the national average. However, Drakesboro’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Drakesboro has a population of 586 with a median age of 42.2 years. Compare Drakesboro with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Drakesboro
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Artemus | 587 | $25,179 | $87,300 | Compare |
| Chaplin | 583 | $80,250 | $167,400 | Compare |
| Murray Hill | 589 | $115,625 | $385,200 | Compare |
| Green Spring | 581 | $168,750 | $425,000 | Compare |
| Kuttawa | 594 | $63,750 | $268,900 | Compare |
| Sonora | 597 | $50,417 | $178,400 | Compare |
| Betsy Layne | 573 | $31,648 | $0 | Compare |
| Hustonville | 600 | $40,625 | $121,600 | 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.
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Frequently Asked Questions about Drakesboro
What is the population of Drakesboro, KY?
The population of Drakesboro, KY is 586 according to the latest Census data.
What is the median household income in Drakesboro?
The median household income in Drakesboro, KY is $41,500 per year.
What is the median home value in Drakesboro?
The median home value in Drakesboro, KY is $76,900.
What is the average rent in Drakesboro?
The median monthly rent in Drakesboro, KY is $931.
What is the unemployment rate in Drakesboro?
The unemployment rate in Drakesboro, KY is 4.3%.