Farley, KY
Population 4,402 · Kentucky
About Farley, KY
Farley is a small town located in Kentucky with a population of 4,402 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,676 per year, which is 39% below the national median of $75,149. The median age of 37.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Farley features a median home value of $82,400, which is 66% below the national median of $244,900. This makes Farley one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $772, 34% below the national average of $1,163/month. Of the 2,070 total housing units, 75% are owner-occupied (1,180 units) and 25% are renter-occupied (389 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farley shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 31.9%, above the national average of 12.4%. Workers in Farley have an average one-way commute time of 15.9 minutes, one of the shorter commutes in the region.
Education & Demographics
11.4% of Farley 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 2.9% White, 1.2% Hispanic or Latino, 1.5% Black or African American, and 0.9% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Farley, KY
Compared to national averages, Farley has a median household income of $45,676 (39% below the national median of $75,149). Home values average $82,400, which is 66% below the national median. Monthly rent at $772 is 34% below the US average of $1,163. Within Kentucky, Farley's income is 31% below the state average of $66,273, and home values are 55% below the state median of $182,504.
Why Live in Farley, KY?
Farley offers affordable housing with a median home value of $82,400, below the US average of $244,900, and rent that’s lower than the national average at $772/month, and a strong job market with an unemployment rate of just 3.2%. Additionally, the city features short commute times averaging just 15.9 minutes.
Potential considerations include median household income ($45,676) that falls below the national average. However, Farley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farley has a population of 4,402 with a median age of 37.6 years. Compare Farley with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Farley
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crescent Springs | 4,402 | $76,530 | $289,300 | Compare |
| Scottsville | 4,391 | $36,259 | $140,600 | Compare |
| Ludlow | 4,378 | $58,295 | $154,700 | Compare |
| Greenville | 4,435 | $70,401 | $118,500 | Compare |
| Prospect | 4,518 | $172,361 | $494,000 | Compare |
| Paintsville | 4,256 | $26,713 | $110,800 | Compare |
| Hurstbourne | 4,669 | $113,906 | $495,100 | Compare |
| Crittenden | 4,058 | $51,336 | $168,300 | 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 Farley With Other Cities
Frequently Asked Questions about Farley
What is the population of Farley, KY?
The population of Farley, KY is 4,402 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 Farley?
The median household income in Farley, KY is $45,676 per year, which is 39% below the national median of $75,149.
What is the median home value in Farley?
The median home value in Farley, KY is $82,400, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farley?
The median monthly rent in Farley, KY is $772, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Farley?
The unemployment rate in Farley, KY is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Farley, KY a good place to live?
Farley offers a moderate cost of living, affordable housing, and a strong job market. With a population of 4,402 and a median age of 37.6, the city appeals to a broad range of residents.
How educated is Farley, KY?
11.4% of residents in Farley 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 Farley?
Key cost-of-living indicators for Farley, KY: median home value is $82,400 (66% below national), median rent is $772/month, and median household income is $45,676. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farley?
The poverty rate in Farley, KY is 31.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Farley, KY?
Farley's population is 2.9% White, 1.2% Hispanic or Latino, 1.5% Black or African American, 0.9% Asian, and 5.0% two or more races. 1.4% of residents are foreign-born.