Independence, KY
Population 29,024 · Kentucky
About Independence, KY
Independence is a mid-sized city in Kentucky with a population of 29,024 residents. The median household income is $98,653 per year, which is above the national average. The median age in Independence is 34.8 years.
Housing in Independence has a median home value of $240,500 and median monthly rent of $1,204. Of the 10,339 total housing units, the majority are owner-occupied, with 8,333 owner-occupied and 1,782 renter-occupied units.
The unemployment rate in Independence is 2.8% and the poverty rate is 8.5%. 37.3% of residents hold a bachelor's degree or higher. The average commute time is 27.3 minutes.
How Independence Ranks in Kentucky
Cost of Living in Independence, KY
Compared to national averages, Independence has a median household income of $98,653 (31% above the national median of $75,149). Home values average $240,500, which is 2% below the national median. Monthly rent at $1,204 is 4% above the US average of $1,163. Within Kentucky, Independence's income is 49% above the state average of $66,273, and home values are 32% above the state median of $182,504.
Why Live in Independence, KY?
Independence offers a strong local economy with a median household income of $98,653, well above the national average, and affordable housing with a median home value of $240,500, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features a well-educated community where 37.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.5%, better than the national average.
Independence has a population of 29,024 with a median age of 34.8 years. Compare Independence with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Independence
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Jeffersontown | 28,988 | $78,185 | $236,800 | Compare |
| Frankfort | 28,452 | $54,438 | $171,600 | Compare |
| Henderson | 27,994 | $47,176 | $151,400 | Compare |
| Hopkinsville | 31,011 | $47,428 | $140,200 | Compare |
| Paducah | 26,894 | $51,243 | $164,600 | Compare |
| Nicholasville | 31,625 | $67,514 | $210,700 | Compare |
| Elizabethtown | 31,870 | $56,250 | $223,200 | Compare |
| Florence | 32,334 | $68,508 | $196,200 | 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 Independence
What is the population of Independence, KY?
The population of Independence, KY is 29,024 according to the latest Census data.
What is the median household income in Independence?
The median household income in Independence, KY is $98,653 per year.
What is the median home value in Independence?
The median home value in Independence, KY is $240,500.
What is the average rent in Independence?
The median monthly rent in Independence, KY is $1,204.
What is the unemployment rate in Independence?
The unemployment rate in Independence, KY is 2.8%.