Silver Grove, KY
Population 1,104 · Kentucky
About Silver Grove, KY
Silver Grove is a small town located in Kentucky with a population of 1,104 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,315 per year, which is 38% below the national median of $75,149. The median age of 47.7 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 Silver Grove features a median home value of $103,400, which is 58% below the national median of $244,900. This makes Silver Grove one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $675, 42% below the national average of $1,163/month. Of the 611 total housing units, 56% are owner-occupied (332 units) and 44% are renter-occupied (259 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Silver Grove shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 11.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Silver Grove have an average one-way commute time of 22 minutes.
Education & Demographics
12.0% of Silver Grove 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, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Silver Grove, KY
Compared to national averages, Silver Grove has a median household income of $46,315 (38% below the national median of $75,149). Home values average $103,400, which is 58% below the national median. Monthly rent at $675 is 42% below the US average of $1,163. Within Kentucky, Silver Grove's income is 30% below the state average of $66,273, and home values are 43% below the state median of $182,504.
Why Live in Silver Grove, KY?
Silver Grove offers affordable housing with a median home value of $103,400, below the US average of $244,900, and rent that’s lower than the national average at $675/month, and a low poverty rate of 11.4%, better than the national average. Additionally, the city features short commute times averaging just 22 minutes.
Potential considerations include median household income ($46,315) that falls below the national average. However, Silver Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Silver Grove has a population of 1,104 with a median age of 47.7 years. Compare Silver Grove with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Silver Grove
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Northfield | 1,104 | $110,714 | $485,800 | Compare |
| Philpot | 1,098 | $85,833 | $242,100 | Compare |
| Clay | 1,112 | $43,884 | $75,600 | Compare |
| Earlington | 1,113 | $34,904 | $64,400 | Compare |
| Lewisburg | 1,093 | $37,684 | $101,000 | Compare |
| Heritage Creek | 1,090 | $96,696 | $245,900 | Compare |
| Irvington | 1,129 | $48,750 | $113,500 | Compare |
| West Point | 1,131 | $37,260 | $68,200 | 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 Silver Grove With Other Cities
Frequently Asked Questions about Silver Grove
What is the population of Silver Grove, KY?
The population of Silver Grove, KY is 1,104 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 Silver Grove?
The median household income in Silver Grove, KY is $46,315 per year, which is 38% below the national median of $75,149.
What is the median home value in Silver Grove?
The median home value in Silver Grove, KY is $103,400, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Silver Grove?
The median monthly rent in Silver Grove, KY is $675, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Silver Grove?
The unemployment rate in Silver Grove, KY is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Silver Grove, KY a good place to live?
Silver Grove offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,104 and a median age of 47.7, the city appeals to established professionals and retirees.
How educated is Silver Grove, KY?
12.0% of residents in Silver Grove 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 Silver Grove?
Key cost-of-living indicators for Silver Grove, KY: median home value is $103,400 (58% below national), median rent is $675/month, and median household income is $46,315. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Silver Grove?
The poverty rate in Silver Grove, KY is 11.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Silver Grove, KY?
Silver Grove's population is 0.0% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.4% two or more races. 1.7% of residents are foreign-born.