Riverwood, KY
Population 525 · Kentucky
About Riverwood, KY
Riverwood is a small community located in Kentucky with a population of 525 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 41.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Riverwood features a median home value of $615,500, which is 151% above the national median of $244,900. This places Riverwood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 196 total housing units, 99% are owner-occupied (181 units) and 1% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Riverwood shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Riverwood have an average one-way commute time of 18.9 minutes, one of the shorter commutes in the region.
Education & Demographics
85.5% of Riverwood 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 1.0% White, 1.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
How Riverwood Ranks in Kentucky
Cost of Living in Riverwood, KY
Compared to national averages, Riverwood has a median household income of $250,001 (233% above the national median of $75,149). Home values average $615,500, which is 151% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Kentucky, Riverwood's income is 277% above the state average of $66,273, and home values are 237% above the state median of $182,504.
Why Live in Riverwood, KY?
Riverwood offers a strong local economy with a median household income of $250,001, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.6%. Additionally, the city features a well-educated community where 85.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.0%, better than the national average, and short commute times averaging just 18.9 minutes.
Potential considerations include a competitive housing market where the typical home costs $615,500. However, Riverwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Riverwood has a population of 525 with a median age of 41.3 years. Compare Riverwood with other cities to see how it stacks up, or explore all cities in Kentucky.
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Demographics
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Economy & Education
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Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Riverwood
What is the population of Riverwood, KY?
The population of Riverwood, KY is 525 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 Riverwood?
The median household income in Riverwood, KY is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Riverwood?
The median home value in Riverwood, KY is $615,500, which is 151% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Riverwood?
The median monthly rent in Riverwood, KY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Riverwood?
The unemployment rate in Riverwood, KY is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Riverwood, KY a good place to live?
Riverwood offers above-average incomes, a competitive housing market, and a strong job market. With a population of 525 and a median age of 41.3, the city appeals to a broad range of residents.
How educated is Riverwood, KY?
85.5% of residents in Riverwood 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 Riverwood?
Key cost-of-living indicators for Riverwood, KY: median home value is $615,500 (151% above national), median rent is $0/month, and median household income is $250,001. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Riverwood?
The poverty rate in Riverwood, KY is 1.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Riverwood, KY?
Riverwood's population is 1.0% White, 1.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.3% of residents are foreign-born.