Cold Spring Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Cold Spring, Kentucky? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Cold Spring, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Cold Spring is $76,151.00.

The chart below shows the average household income by age in Cold Spring.

• Under 25
  $0.00
• 25 to 44
  $87,852.00
• 45 to 64
  $92,063.00
• 65 and over
  $66,284.00

Average Household Income

A very commonly asked question is "what is the average household income in Cold Spring, Kentucky?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Cold Spring is $115,490.00.

13.71% of households in Cold Spring, Kentucky are classed as high income households (making $200,000+ per year).

Household Income Tiers for Cold Spring

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Cold Spring, Kentucky easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  10.84%
• $25,000 to $49,999
  18.62%
• $50,000 to $74,999
  19.91%
• $75,000 to $99,999
  13.10%
• $100,000 to $149,999
  14.46%
• $150,000 to $199,999
  9.36%
• $200,000 or more
  13.71%

Per Capita Income

The per capita income is the average income of all people in Cold Spring, Kentucky. This is calculated by dividing the total income of all people in Cold Spring by the total number of people in Cold Spring.

It differs from the average or mean household income because it includes all people in Cold Spring and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Cold Spring, Kentucky is $52,140.00.

Population in Cold Spring by Race and Ethnicity

The total population in Cold Spring is currently 6,258 people.

The race and ethnicity of the population in Cold Spring can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Cold Spring, Kentucky.

• 0.80% White
  47
• 98.70% Black/African American
  6,175
• 95.60% Native
  5,981
• 1.50% Hispanic
  93
• 1.50% Asian
  91
• 0.00% Hawaiian/Pacific Islander
  0
• 0.00% Two or more races
  0
• 0.00% Other
  0

Population of Cold Spring by Age and Gender

Another very important demographics statistic for Cold Spring, Kentucky is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Cold Spring, Kentucky.

• Master's degree or higher
  15.94%
• Bachelor's degree
  38.59%
• Some college or associate's degree
  8.73%
• High school diploma or equivalent
  35.94%
• Less than high school diploma
  0.80%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Cold Spring because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Cold Spring look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Cold Spring, Kentucky that are over the age of 16.

The current population in Cold Spring that are over the age of 16 is 5,413 people.

The unemployment rate in Cold Spring is 2.50%, which means 83 people are unemployed.

Median Age in Cold Spring

The median age is an interesting metric because it gives us an idea of the age distribution of people in Cold Spring, Kentucky. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Cold Spring is 49.7 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Cold Spring

49.7

Total

50.6

Male

48.8

Female

Households and Families

There are a total of 2,787 households in Cold Spring, and the average household size is 2.23 people.

For families, the total number is 1,941, and the average family size is 2.67 people.

6.50% of those families in Cold Spring, Kentucky are living below the poverty line.

The table below shows the poverty thresholds for Cold Spring in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Cold Spring, Kentucky for each type, as well as the average sizes.

Housing Data in Cold Spring

There are total of 2,879 housing units in Cold Spring, Kentucky. Of those units, 2,787 (96.80%) are occupied, and 92 (3.20%) are vacant.

Rental Rates

Of the 2,879 housing units in Cold Spring, 337 (11.71%) are occupied by renters. The median rent paid by renters is $1,124.00.

Owner occupied housing units make up the remaining 85.10% of housing units, with 2,450 housing units in total.

The table below breaks down how much rent is paid by renters in Cold Spring, Kentucky.

• No rent paid
  0
• Less than $500
  16
• $500 to $999
  77
• $1,000 to $1,499
  205
• $1,500 to $1,999
  39
• $2,000 to $2,499
  0
• $2,500 to $2,999
  0
• $3,000 or more
  0

Property Values

The median value of a property in Cold Spring is $222,700.00.

The table below breaks down the range of valuations for all properties in Cold Spring.

• Less than $50,000
  29
• $50,000 to $99,999
  45
• $100,000 to $149,999
  430
• $150,000 to $199,999
  493
• $200,000 to $299,999
  784
• $300,000 to $499,999
  593
• $500,000 to $999,999
  76
• $1,000,000 or more
  0

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Cold Spring, Kentucky.

• 1939 or earlier
  118
• 1940 to 1949
  26
• 1950 to 1959
  166
• 1960 to 1969
  157
• 1970 to 1979
  236
• 1980 to 1989
  284
• 1990 to 1999
  470
• 2000 to 2009
  1,203
• 2010 to 2013
  219
• 2014 or later
  0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Cold Spring has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  56
• 1 vehicle available
  1,035
• 2 vehicles available
  1,171
• 3 or more vehicles available
  525

Commuting to Work in Cold Spring

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Cold Spring, Kentucky, how they commute, and how that correlates to other data points.

The average travel time is 22.7 minutes, and the chart below covers the range of travel times across the population of Cold Spring.

• Less than 5 minutes
  65
• 5 to 9 minutes
  275
• 10 to 14 minutes
  301
• 15 to 19 minutes
  490
• 20 to 24 minutes
  500
• 25 to 29 minutes
  241
• 30 to 34 minutes
  423
• 35 to 39 minutes
  30
• 40 to 44 minutes
  44
• 45 to 59 minutes
  189
• 60 to 89 minutes
  43
• 90 or more minutes
  41

We can also look at the means of transport in Cold Spring to see which modes of transport people are using to commute to work.

• Drove alone
  2,381
• Carpooled
  152
• Public transportation
  40
• Walked
  47
• Other means
  22
• Worked from home
  531

Conclusion

Hopefully this article has given you the demographics data you were looking for in Cold Spring, Kentucky.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Cold Spring.

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