Providence, KY
Population 2,861 · Kentucky
About Providence, KY
Providence is a small town located in Kentucky with a population of 2,861 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,208 per year, which is 29% below the national median of $75,149. The median age of 46.4 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 Providence features a median home value of $66,800, which is 73% below the national median of $244,900. This makes Providence one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $623, 46% below the national average of $1,163/month. Of the 1,520 total housing units, 63% are owner-occupied (819 units) and 37% are renter-occupied (471 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Providence shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 17.8%, above the national average of 12.4%. Workers in Providence have an average one-way commute time of 32.2 minutes.
Education & Demographics
16.0% of Providence 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, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Providence Ranks in Kentucky
Cost of Living in Providence, KY
Compared to national averages, Providence has a median household income of $53,208 (29% below the national median of $75,149). Home values average $66,800, which is 73% below the national median. Monthly rent at $623 is 46% below the US average of $1,163. Within Kentucky, Providence's income is 20% below the state average of $66,273, and home values are 63% below the state median of $182,504.
Why Live in Providence, KY?
Providence offers affordable housing with a median home value of $66,800, below the US average of $244,900, and rent that’s lower than the national average at $623/month.
Potential considerations include median household income ($53,208) that falls below the national average. However, Providence’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Providence has a population of 2,861 with a median age of 46.4 years. Compare Providence with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Providence
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rineyville | 2,869 | $82,037 | $234,900 | Compare |
| Indian Hills | 2,870 | $188,750 | $666,200 | Compare |
| Springfield | 2,871 | $40,890 | $154,800 | Compare |
| Graymoor-Devondale | 2,838 | $90,972 | $330,300 | Compare |
| Lakeside Park | 2,827 | $108,971 | $346,600 | Compare |
| Brandenburg | 2,907 | $48,281 | $208,100 | Compare |
| Marion | 2,908 | $40,691 | $104,100 | Compare |
| Irvine | 2,811 | $36,292 | $123,400 | 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 Providence With Other Cities
Frequently Asked Questions about Providence
What is the population of Providence, KY?
The population of Providence, KY is 2,861 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 Providence?
The median household income in Providence, KY is $53,208 per year, which is 29% below the national median of $75,149.
What is the median home value in Providence?
The median home value in Providence, KY is $66,800, which is 73% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Providence?
The median monthly rent in Providence, KY is $623, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Providence?
The unemployment rate in Providence, KY is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Providence, KY a good place to live?
Providence offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,861 and a median age of 46.4, the city appeals to established professionals and retirees.
How educated is Providence, KY?
16.0% of residents in Providence 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 Providence?
Key cost-of-living indicators for Providence, KY: median home value is $66,800 (73% below national), median rent is $623/month, and median household income is $53,208. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Providence?
The poverty rate in Providence, KY is 17.8%, 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 Providence, KY?
Providence's population is 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 14.5% two or more races. 0.0% of residents are foreign-born.