Spring Mill, KY
Population 363 · Kentucky
About Spring Mill, KY
Spring Mill is a small community located in Kentucky with a population of 363 residents according to the latest US Census Bureau American Community Survey data. The median household income is $123,750 per year, which is 65% above the national median of $75,149. The median age of 36.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Spring Mill features a median home value of $281,900, which is 15% above the national median of $244,900. This positions Spring Mill in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 117 total housing units, 99% are owner-occupied (116 units) and 1% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Spring Mill shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 3.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Spring Mill have an average one-way commute time of 25 minutes.
Education & Demographics
47.1% of Spring Mill 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 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 3.3% of the population being foreign-born.
How Spring Mill Ranks in Kentucky
Cost of Living in Spring Mill, KY
Compared to national averages, Spring Mill has a median household income of $123,750 (65% above the national median of $75,149). Home values average $281,900, which is 15% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Kentucky, Spring Mill's income is 87% above the state average of $66,273, and home values are 54% above the state median of $182,504.
Why Live in Spring Mill, KY?
Spring Mill offers a strong local economy with a median household income of $123,750, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 47.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.0%, better than the national average.
Spring Mill has a population of 363 with a median age of 36.1 years. Compare Spring Mill with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Spring Mill
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Waverly | 361 | $61,250 | $100,000 | Compare |
| Summersville | 360 | $51,696 | $92,500 | Compare |
| Wayland | 360 | $31,042 | $21,800 | Compare |
| Gamaliel | 359 | $37,000 | $82,800 | Compare |
| Old Brownsboro Place | 367 | $156,250 | $458,800 | Compare |
| Willisburg | 359 | $56,042 | $150,000 | Compare |
| McHenry | 355 | $39,583 | $74,600 | Compare |
| Meadowview Estates | 373 | $70,469 | $210,700 | 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 Spring Mill With Other Cities
Frequently Asked Questions about Spring Mill
What is the population of Spring Mill, KY?
The population of Spring Mill, KY is 363 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 Spring Mill?
The median household income in Spring Mill, KY is $123,750 per year, which is 65% above the national median of $75,149.
What is the median home value in Spring Mill?
The median home value in Spring Mill, KY is $281,900, which is 15% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Spring Mill?
The median monthly rent in Spring Mill, KY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Spring Mill?
The unemployment rate in Spring Mill, KY is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Spring Mill, KY a good place to live?
Spring Mill offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 363 and a median age of 36.1, the city appeals to a broad range of residents.
How educated is Spring Mill, KY?
47.1% of residents in Spring Mill 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 Spring Mill?
Key cost-of-living indicators for Spring Mill, KY: median home value is $281,900 (15% above national), median rent is $0/month, and median household income is $123,750. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Spring Mill?
The poverty rate in Spring Mill, KY is 3.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Spring Mill, KY?
Spring Mill's population is 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 5.2% two or more races. 3.3% of residents are foreign-born.