Wayland, KY
Population 360 · Kentucky
About Wayland, KY
Wayland is a small community located in Kentucky with a population of 360 residents according to the latest US Census Bureau American Community Survey data. The median household income is $31,042 per year, which is 59% below the national median of $75,149. The median age of 30.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Wayland features a median home value of $21,800, which is 91% below the national median of $244,900. This makes Wayland one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,047, 10% below the national average of $1,163/month. Of the 130 total housing units, 63% are owner-occupied (69 units) and 37% are renter-occupied (40 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Wayland shows an unemployment rate of 7.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 52.5%, above the national average of 12.4%. Workers in Wayland have an average one-way commute time of 21.9 minutes.
Education & Demographics
5.5% of Wayland 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 6.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Wayland Ranks in Kentucky
Cost of Living in Wayland, KY
Compared to national averages, Wayland has a median household income of $31,042 (59% below the national median of $75,149). Home values average $21,800, which is 91% below the national median. Monthly rent at $1,047 is 10% below the US average of $1,163. Within Kentucky, Wayland's income is 53% below the state average of $66,273, and home values are 88% below the state median of $182,504.
Why Live in Wayland, KY?
Wayland offers affordable housing with a median home value of $21,800, below the US average of $244,900, and rent that’s lower than the national average at $1,047/month, and short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($31,042) that falls below the national average. However, Wayland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wayland has a population of 360 with a median age of 30.2 years. Compare Wayland with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Wayland
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Summersville | 360 | $51,696 | $92,500 | Compare |
| Gamaliel | 359 | $37,000 | $82,800 | Compare |
| Waverly | 361 | $61,250 | $100,000 | Compare |
| Willisburg | 359 | $56,042 | $150,000 | Compare |
| Spring Mill | 363 | $123,750 | $281,900 | Compare |
| McHenry | 355 | $39,583 | $74,600 | Compare |
| Old Brownsboro Place | 367 | $156,250 | $458,800 | Compare |
| Hunters Hollow | 351 | $73,929 | $192,500 | 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 Wayland With Other Cities
Frequently Asked Questions about Wayland
What is the population of Wayland, KY?
The population of Wayland, KY is 360 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 Wayland?
The median household income in Wayland, KY is $31,042 per year, which is 59% below the national median of $75,149.
What is the median home value in Wayland?
The median home value in Wayland, KY is $21,800, which is 91% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wayland?
The median monthly rent in Wayland, KY is $1,047, which is 10% below the national average of $1,163/month.
What is the unemployment rate in Wayland?
The unemployment rate in Wayland, KY is 7.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wayland, KY a good place to live?
Wayland offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 360 and a median age of 30.2, the city appeals to young professionals and families.
How educated is Wayland, KY?
5.5% of residents in Wayland 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 Wayland?
Key cost-of-living indicators for Wayland, KY: median home value is $21,800 (91% below national), median rent is $1,047/month, and median household income is $31,042. The home-value-to-income ratio is 0.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wayland?
The poverty rate in Wayland, KY is 52.5%, 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 Wayland, KY?
Wayland's population is 6.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.8% two or more races. 0.0% of residents are foreign-born.