Cold Spring, KY

Census Place

2024 Population

6,341

US Senator

Mitch McConnell

Republican Party

US Senator

Rand Paul

Republican Party

2024 Poverty Rate

9.93%

2.49% 1-year decrease

2024 Median Household Income

$75,000

6.45% 1-year decline

2024 Median Property Value

$253,600

7.82% 1-year growth

2024 Employed Population

3,062

3.16% 1-year decline

Population & Diversity

Cold Spring, KY is home to a population of 6.34k people, from which 98.1% are citizens.

As of 2024, 3.55% of Cold Spring, KY residents were born outside of the country (225 people).

In 2024, there were 43.6 times more White (Non-Hispanic) residents (5.98k people) in Cold Spring, KY than any other race or ethnicity. There were 137 Black or African American (Non-Hispanic) and 89 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.1%

2024 Citizenship

98.4%

2023 Citizenship

As of 2024, 98.1% of Cold Spring, KY residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Cold Spring, KY was 98.4%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Cold Spring, KY compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Cold Spring, KY

White (Non-Hispanic)
5.98k ± 170
Black or African American (Non-Hispanic)
137 ± 122
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
89 ± 59

1.12%

Hispanic Population

71 people

1.12% of the people in Cold Spring, KY are hispanic (71 people).

The following chart shows the 8 races represented in Cold Spring, KY as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Kentucky.

Most Common Origin

Mexico
34,417 ± 4,537 people
Cuba
21,613 ± 3,601 people
India
11,987 ± 2,684 people

In 2024, the most common birthplace for the foreign-born residents of Kentucky was Mexico, the natal country of 34,417 Kentucky residents, followed by Cuba with 21,613 and India with 11,987.

Foreign-Born Population

3.55%

2024 Foreign-Born Population

225 people

3.68%

2023 Foreign-Born Population

232 people

As of 2024, 3.55% of Cold Spring, KY residents (225 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Cold Spring, KY was 3.68%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Cold Spring, KY compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
129 ± 71
Gulf War (1990s)
84 ± 83
Gulf War (2001-)
48 ± 47

Cold Spring, KY has a large population of military personnel who served in Vietnam, 1.54 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Cold Spring, KY.

Economy

The economy of Cold Spring, KY employs 3.06k people. In 2024, the largest industries in Cold Spring, KY were Health Care & Social Assistance (408 people), Finance & Insurance (356 people), and Manufacturing (338 people), and the highest paying industries were Professional, Scientific, & Technical Services ($132,629), Public Administration ($89,891), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($85,500).

Employment

Occupations

3.06k

2024 Value

± 455

−3.16%

1 Year decline

± 21.1%

From 2023 to 2024, employment in Cold Spring, KY declined at a rate of −3.16%, from 3.16k employees to 3.06k employees.

The most common job groups, by number of people living in Cold Spring, KY, are Office & Administrative Support Occupations (664 people), Business & Financial Operations Occupations (503 people), and Management Occupations (365 people). This chart illustrates the share breakdown of the primary jobs held by residents of Cold Spring, KY.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Kentucky.

This chart shows weekly unemployment insurance claims in Kentucky (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

3.06k

2024 Value

± 455

−3.16%

1 Year decline

± 21.1%

From 2023 to 2024, employment in Cold Spring, KY declined at a rate of −3.16%, from 3.16k employees to 3.06k employees.

The most common employment sectors for those who live in Cold Spring, KY, are Health Care & Social Assistance (408 people), Finance & Insurance (356 people), and Manufacturing (338 people). This chart shows the share breakdown of the primary industries for residents of Cold Spring, KY, though some of these residents may live in Cold Spring, KY and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$67,180

Median earning men ± $12,715

$52,747

Median earning women ± $8,466

The industries with the best median earnings for men in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($133,276), Public Administration ($89,891), and Educational Services, & Health Care & Social Assistance ($87,500).

The industries with the best median earnings for women in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($77,045), Other Services Except Public Administration ($55,714), and Finance & Insurance, & Real Estate & Rental & Leasing ($54,779).

Housing & Living

The median property value in Cold Spring, KY was $253,600 in 2024, which is 0.762 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $235,200 to $253,600, a 7.82% increase. The homeownership rate in Cold Spring, KY is 89.1%, which is higher than the national average of 65.2%.

People in Cold Spring, KY have an average commute time of 21.6 minutes, and they drove alone to work. Car ownership in Cold Spring, KY is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$253,600

Median Property Value 2024

±$18,635

$2,668

Median Property Taxes

±$389

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Cold Spring, KY the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Cold Spring, KY compared to it's parent and neighbor geographies.

Rent vs Own

89.1%

Homeownership

2024

62.6%

Homeowners with Mortgage

2024

In 2024, 89.1% of the housing units in Cold Spring, KY were occupied by their owner. This percentage grew from the previous year's rate of 87.6%.

This chart shows the percentage of owner in Cold Spring, KY compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$75,000

Median Household Income

± $8,366

Number of Households

± 415

In 2024, the median household income of the 3k households in Cold Spring, KY declined from $75,000 from the previous year's value of $80,172.

The following chart displays the households in Cold Spring, KY distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $60k - $75k range.

Wage Distribution

The closest comparable wage GINI for Cold Spring, KY is from Kentucky.

0.446

2024 Wage GINI in Kentucky

0.449

2023 Wage GINI in Kentucky

In 2024, the income inequality in Kentucky was 0.446 according to the GINI calculation of the wage distribution. Income inequality had a 0.585% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Kentucky was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Kentucky in comparison to the national average.

This chart shows the number of workers in Kentucky across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (70.2%)
Worked At Home (22.9%)
Carpooled (2.94%)

In 2024, 70.2% of workers in Cold Spring, KY drove alone to work, followed by those who worked at home (22.9%) and those who carpooled to work (2.94%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

21.6 minutes

Average Travel Time

Using averages, employees in Cold Spring, KY have a shorter commute time (21.6 minutes) than the normal US worker (26.4 minutes). Additionally, 0.847% of the workforce in Cold Spring, KY have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Cold Spring, KY compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Cold Spring, KY distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Cold Spring, KY have 2 cars.

Poverty

Poverty & Diversity

9.93% of the population for whom poverty status is determined in Cold Spring, KY (620 out of 6.24k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 65 - 74, followed by Females 45 - 54 and then Females 18 - 24.

The most common racial or ethnic group living below the poverty line in Cold Spring, KY is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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