Midway, KY
Population 1,748 · Kentucky
About Midway, KY
Midway is a small town located in Kentucky with a population of 1,748 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,609 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 Midway features a median home value of $247,700, which is 1% above the national median of $244,900. This positions Midway in a moderately priced market relative to the rest of the country. Median monthly rent is $902, 22% below the national average of $1,163/month. Of the 688 total housing units, 72% are owner-occupied (471 units) and 28% are renter-occupied (183 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Midway shows an unemployment rate of 11.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Midway have an average one-way commute time of 25.3 minutes.
Education & Demographics
45.0% of Midway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 2.5% Hispanic or Latino, 0.0% Black or African American, and 2.7% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Midway, KY
Compared to national averages, Midway has a median household income of $59,609 (21% below the national median of $75,149). Home values average $247,700, which is 1% above the national median. Monthly rent at $902 is 22% below the US average of $1,163. Within Kentucky, Midway's income is 10% below the state average of $66,273, and home values are 36% above the state median of $182,504.
Why Live in Midway, KY?
Midway offers rent that’s lower than the national average at $902/month, and a well-educated community where 45.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.6%, better than the national average.
Potential considerations include median household income ($59,609) that falls below the national average. However, Midway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Midway has a population of 1,748 with a median age of 42 years. Compare Midway with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Midway
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Doe Valley | 1,719 | $87,757 | $301,800 | Compare |
| Audubon Park | 1,717 | $107,865 | $354,500 | Compare |
| Auburn | 1,715 | $46,071 | $118,100 | Compare |
| Munfordville | 1,792 | $23,879 | $107,800 | Compare |
| Worthington | 1,813 | $65,432 | $116,200 | Compare |
| Catlettsburg | 1,672 | $34,524 | $71,400 | Compare |
| Sturgis | 1,827 | $43,938 | $83,400 | Compare |
| Liberty | 1,828 | $28,281 | $129,400 | 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 Midway With Other Cities
Frequently Asked Questions about Midway
What is the population of Midway, KY?
The population of Midway, KY is 1,748 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 Midway?
The median household income in Midway, KY is $59,609 per year, which is 21% below the national median of $75,149.
What is the median home value in Midway?
The median home value in Midway, KY is $247,700, which is 1% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Midway?
The median monthly rent in Midway, KY is $902, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Midway?
The unemployment rate in Midway, KY is 11.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Midway, KY a good place to live?
Midway offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 1,748 and a median age of 42, the city appeals to a broad range of residents.
How educated is Midway, KY?
45.0% of residents in Midway aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Midway?
Key cost-of-living indicators for Midway, KY: median home value is $247,700 (1% above national), median rent is $902/month, and median household income is $59,609. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Midway?
The poverty rate in Midway, KY is 8.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Midway, KY?
Midway's population is 0.0% White, 2.5% Hispanic or Latino, 0.0% Black or African American, 2.7% Asian, and 5.8% two or more races. 2.2% of residents are foreign-born.