Nebo, KY
Population 223 · Kentucky
About Nebo, KY
Nebo is a small community located in Kentucky with a population of 223 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,031 per year, which is 37% below the national median of $75,149. The median age of 43.5 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 Nebo features a median home value of $109,800, which is 55% below the national median of $244,900. This makes Nebo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $931, 20% below the national average of $1,163/month. Of the 98 total housing units, 72% are owner-occupied (61 units) and 28% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Nebo shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.9%, above the national average of 12.4%. Workers in Nebo have an average one-way commute time of 26.3 minutes.
Education & Demographics
7.6% of Nebo 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 2.7% White, 1.3% Hispanic or Latino, 0.4% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Nebo, KY
Compared to national averages, Nebo has a median household income of $47,031 (37% below the national median of $75,149). Home values average $109,800, which is 55% below the national median. Monthly rent at $931 is 20% below the US average of $1,163. Within Kentucky, Nebo's income is 29% below the state average of $66,273, and home values are 40% below the state median of $182,504.
Why Live in Nebo, KY?
Nebo offers affordable housing with a median home value of $109,800, below the US average of $244,900, and rent that’s lower than the national average at $931/month, and a strong job market with an unemployment rate of just 2.9%.
Potential considerations include median household income ($47,031) that falls below the national average. However, Nebo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nebo has a population of 223 with a median age of 43.5 years. Compare Nebo with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Nebo
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crossgate | 223 | $140,500 | $356,800 | Compare |
| Germantown | 224 | $86,250 | $102,300 | Compare |
| Wallins Creek | 221 | $102,929 | $187,500 | Compare |
| Maryhill Estates | 226 | $250,001 | $650,500 | Compare |
| Wildwood | 220 | $103,333 | $289,100 | Compare |
| Mackville | 227 | $73,750 | $127,900 | Compare |
| Payne Gap | 217 | $0 | $0 | Compare |
| Dunmor | 230 | $42,143 | $129,600 | 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.
Compare Nebo With Other Cities
Frequently Asked Questions about Nebo
What is the population of Nebo, KY?
The population of Nebo, KY is 223 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 Nebo?
The median household income in Nebo, KY is $47,031 per year, which is 37% below the national median of $75,149.
What is the median home value in Nebo?
The median home value in Nebo, KY is $109,800, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nebo?
The median monthly rent in Nebo, KY is $931, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Nebo?
The unemployment rate in Nebo, KY is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Nebo, KY a good place to live?
Nebo offers a moderate cost of living, affordable housing, and a strong job market. With a population of 223 and a median age of 43.5, the city appeals to a broad range of residents.
How educated is Nebo, KY?
7.6% of residents in Nebo 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 Nebo?
Key cost-of-living indicators for Nebo, KY: median home value is $109,800 (55% below national), median rent is $931/month, and median household income is $47,031. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Nebo?
The poverty rate in Nebo, KY is 13.9%, 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 Nebo, KY?
Nebo's population is 2.7% White, 1.3% Hispanic or Latino, 0.4% Black or African American, 0.0% Asian, and 0.4% two or more races. 0.0% of residents are foreign-born.