Wheelwright, KY
Population 945 · Kentucky
About Wheelwright, KY
Wheelwright is a small community located in Kentucky with a population of 945 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,250 per year, which is 22% below the national median of $75,149. The median age of 37 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Wheelwright features a median home value of $85,700, which is 65% below the national median of $244,900. This makes Wheelwright one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $538, 54% below the national average of $1,163/month. Of the 316 total housing units, 71% are owner-occupied (172 units) and 29% are renter-occupied (70 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wheelwright shows an unemployment rate of 12.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 35.0%, above the national average of 12.4%. Workers in Wheelwright have an average one-way commute time of 38.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
10.7% of Wheelwright 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Wheelwright Ranks in Kentucky
Cost of Living in Wheelwright, KY
Compared to national averages, Wheelwright has a median household income of $58,250 (22% below the national median of $75,149). Home values average $85,700, which is 65% below the national median. Monthly rent at $538 is 54% below the US average of $1,163. Within Kentucky, Wheelwright's income is 12% below the state average of $66,273, and home values are 53% below the state median of $182,504.
Why Live in Wheelwright, KY?
Wheelwright offers affordable housing with a median home value of $85,700, below the US average of $244,900, and rent that’s lower than the national average at $538/month.
Potential considerations include median household income ($58,250) that falls below the national average. However, Wheelwright’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wheelwright has a population of 945 with a median age of 37 years. Compare Wheelwright with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Wheelwright
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Meadow Vale | 943 | $87,656 | $280,500 | Compare |
| South Wallins | 948 | $29,153 | $58,200 | Compare |
| Nortonville | 949 | $47,946 | $66,800 | Compare |
| Beechmont | 940 | $54,400 | $162,200 | Compare |
| Langdon Place | 931 | $101,364 | $298,800 | Compare |
| Plantation | 978 | $74,844 | $232,800 | Compare |
| Elkhorn City | 911 | $58,021 | $105,100 | Compare |
| Hanson | 989 | $90,799 | $140,100 | 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 Wheelwright With Other Cities
Frequently Asked Questions about Wheelwright
What is the population of Wheelwright, KY?
The population of Wheelwright, KY is 945 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 Wheelwright?
The median household income in Wheelwright, KY is $58,250 per year, which is 22% below the national median of $75,149.
What is the median home value in Wheelwright?
The median home value in Wheelwright, KY is $85,700, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wheelwright?
The median monthly rent in Wheelwright, KY is $538, which is 54% below the national average of $1,163/month.
What is the unemployment rate in Wheelwright?
The unemployment rate in Wheelwright, KY is 12.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wheelwright, KY a good place to live?
Wheelwright offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 945 and a median age of 37, the city appeals to a broad range of residents.
How educated is Wheelwright, KY?
10.7% of residents in Wheelwright 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 Wheelwright?
Key cost-of-living indicators for Wheelwright, KY: median home value is $85,700 (65% below national), median rent is $538/month, and median household income is $58,250. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wheelwright?
The poverty rate in Wheelwright, KY is 35.0%, 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 Wheelwright, KY?
Wheelwright's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 6.3% two or more races. 0.0% of residents are foreign-born.