Nicholasville, KY
Population 31,625 · Kentucky
About Nicholasville, KY
Nicholasville is a mid-sized city located in Kentucky with a population of 31,625 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,514 per year, which is 10% below the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Nicholasville features a median home value of $210,700, which is 14% below the national median of $244,900. This positions Nicholasville in a moderately priced market relative to the rest of the country. Median monthly rent is $996, 14% below the national average of $1,163/month. Of the 12,518 total housing units, 63% are owner-occupied (7,471 units) and 37% are renter-occupied (4,426 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Nicholasville shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.4%, above the national average of 12.4%. Workers in Nicholasville have an average one-way commute time of 24.7 minutes.
Education & Demographics
27.0% of Nicholasville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.1% White, 1.1% Hispanic or Latino, 0.1% Black or African American, and 2.4% Asian residents, with 4.4% of the population being foreign-born.
How Nicholasville Ranks in Kentucky
Cost of Living in Nicholasville, KY
Compared to national averages, Nicholasville has a median household income of $67,514 (10% below the national median of $75,149). Home values average $210,700, which is 14% below the national median. Monthly rent at $996 is 14% below the US average of $1,163. Within Kentucky, Nicholasville's income is 2% above the state average of $66,273, and home values are 15% above the state median of $182,504.
Why Live in Nicholasville, KY?
Nicholasville offers affordable housing with a median home value of $210,700, below the US average of $244,900, and rent that’s lower than the national average at $996/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features short commute times averaging just 24.7 minutes.
Potential considerations include median household income ($67,514) that falls below the national average. However, Nicholasville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nicholasville has a population of 31,625 with a median age of 38.2 years. Compare Nicholasville with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Nicholasville
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elizabethtown | 31,870 | $56,250 | $223,200 | Compare |
| Hopkinsville | 31,011 | $47,428 | $140,200 | Compare |
| Florence | 32,334 | $68,508 | $196,200 | Compare |
| Independence | 29,024 | $98,653 | $240,500 | Compare |
| Jeffersontown | 28,988 | $78,185 | $236,800 | Compare |
| Frankfort | 28,452 | $54,438 | $171,600 | Compare |
| Henderson | 27,994 | $47,176 | $151,400 | Compare |
| Richmond | 35,498 | $48,223 | $205,900 | 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 Nicholasville With Other Cities
Frequently Asked Questions about Nicholasville
What is the population of Nicholasville, KY?
The population of Nicholasville, KY is 31,625 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Kentucky.
What is the median household income in Nicholasville?
The median household income in Nicholasville, KY is $67,514 per year, which is 10% below the national median of $75,149.
What is the median home value in Nicholasville?
The median home value in Nicholasville, KY is $210,700, which is 14% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nicholasville?
The median monthly rent in Nicholasville, KY is $996, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Nicholasville?
The unemployment rate in Nicholasville, KY is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Nicholasville, KY a good place to live?
Nicholasville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 31,625 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Nicholasville, KY?
27.0% of residents in Nicholasville 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 Nicholasville?
Key cost-of-living indicators for Nicholasville, KY: median home value is $210,700 (14% below national), median rent is $996/month, and median household income is $67,514. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Nicholasville?
The poverty rate in Nicholasville, KY is 12.4%, 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 Nicholasville, KY?
Nicholasville's population is 2.1% White, 1.1% Hispanic or Latino, 0.1% Black or African American, 2.4% Asian, and 4.4% two or more races. 4.4% of residents are foreign-born.