Loretto, KY
Population 730 · Kentucky
About Loretto, KY
Loretto is a small community located in Kentucky with a population of 730 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,028 per year, which is 21% below the national median of $75,149. The median age of 42 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Loretto features a median home value of $178,300, which is 27% below the national median of $244,900. This positions Loretto in a moderately priced market relative to the rest of the country. Median monthly rent is $775, 33% below the national average of $1,163/month. Of the 331 total housing units, 94% are owner-occupied (268 units) and 6% are renter-occupied (17 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Loretto shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 9.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Loretto have an average one-way commute time of 30.9 minutes.
Education & Demographics
9.9% of Loretto 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, 0.1% Hispanic or Latino, 0.4% Black or African American, and 0.7% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Loretto, KY
Compared to national averages, Loretto has a median household income of $59,028 (21% below the national median of $75,149). Home values average $178,300, which is 27% below the national median. Monthly rent at $775 is 33% below the US average of $1,163. Within Kentucky, Loretto's income is 11% below the state average of $66,273, and home values are 2% below the state median of $182,504.
Why Live in Loretto, KY?
Loretto offers affordable housing with a median home value of $178,300, below the US average of $244,900, and rent that’s lower than the national average at $775/month, and a low poverty rate of 9.6%, better than the national average.
Potential considerations include median household income ($59,028) that falls below the national average. However, Loretto’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Loretto has a population of 730 with a median age of 42 years. Compare Loretto with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Loretto
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pleasant Ridge | 729 | $41,615 | $104,500 | Compare |
| Lynch | 727 | $28,958 | $55,700 | Compare |
| Milton | 734 | $57,188 | $160,900 | Compare |
| Houston Acres | 736 | $104,583 | $243,800 | Compare |
| Watterson Park | 736 | $38,984 | $187,500 | Compare |
| Blue Ridge Manor | 718 | $68,281 | $207,500 | Compare |
| Bardwell | 744 | $46,711 | $88,000 | Compare |
| Mortons Gap | 746 | $38,750 | $99,000 | 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 Loretto With Other Cities
Frequently Asked Questions about Loretto
What is the population of Loretto, KY?
The population of Loretto, KY is 730 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 Loretto?
The median household income in Loretto, KY is $59,028 per year, which is 21% below the national median of $75,149.
What is the median home value in Loretto?
The median home value in Loretto, KY is $178,300, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Loretto?
The median monthly rent in Loretto, KY is $775, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Loretto?
The unemployment rate in Loretto, KY is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Loretto, KY a good place to live?
Loretto offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 730 and a median age of 42, the city appeals to a broad range of residents.
How educated is Loretto, KY?
9.9% of residents in Loretto 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 Loretto?
Key cost-of-living indicators for Loretto, KY: median home value is $178,300 (27% below national), median rent is $775/month, and median household income is $59,028. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Loretto?
The poverty rate in Loretto, KY is 9.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Loretto, KY?
Loretto's population is 0.0% White, 0.1% Hispanic or Latino, 0.4% Black or African American, 0.7% Asian, and 1.0% two or more races. 0.4% of residents are foreign-born.