Commute
High commute scores indicates that public transit should be easily accessible in this area and the average commute time to work is less than average.
Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Crime
With a lower than average crime rate per 100,000 people, this area could be considered a very safe place to live. Crime rates are based on both violent and property crimes.
Employment
The combination of higher than average median home income, income per capita and low unemployment rates results in a score that is well above average in the employment category.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Cold Spring is a small-sized city located in the state of Kentucky. The city has a population of 6,659 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (99% White). Given that fact, Cold Spring could be considered less diverse than other cities. Cold Spring is considered to be a city with an aging population. The average age of all residents is 50, which is well beyond the United States median age average. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Cold Spring, your commute time will align closely with the national average, spanning a one-way duration of approximately 23 minutes.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a fulfilling experience if you are willing to get to know the area before actually living in Cold Spring, Kentucky. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Using the livability score which includes data from categories like amenities, crime, health & safety, employment, you can easily compare the best places to live in Cold Spring and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Cold Spring to Kentucky and the national average.
With a livability score of 78/100, Cold Spring is ranked #2,164 in the United States and #66 in Kentucky. This is a terrific score, as Cold Spring ranks well in multiple categories! Cold Spring also ranks in the top 10 percent of all cities, which is no small feat! There are nine total categories that create the livability score. Cold Spring ranks well for crime (A+), cost of living (B), education (B-), employment (A) and housing (A+) Regrettably for Cold Spring, there are some categories for which it does not rank well, this includes: amenities (F).
Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 62 crimes per 100,000 residents, Cold Spring has a violent crime rate that is far below the national average.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Cold Spring has an unemployment rate of 2.2% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Cold Spring has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Cold Spring real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Cold Spring. The median home price for Cold Spring homes is $333,731, which is 48.2% higher than the Kentucky average. If we take a closer look at the affordability of homes in Cold Spring, we’ll see that the home price to income ratio is 3.1, which is 8.8% lower than the Kentucky average.
| Statistic | Cold Spring | Kentucky | National |
| Average one way commute | 23min | 23min | 26min |
| Workers who drive to work | 84.2% | 82.2% | 76.4% |
| Workers who carpool | 7.7% | 9.7% | 9.3% |
| Workers who take public transit | 0.5% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.9% | 2.4% | 2.8% |
| Working from home | 6.4% | 3.3% | 4.6% |
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