Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Schools
The lower than average schools score may be influenced by below-average education levels, subpar reading and math scores and the lack of access to local elementary and high schools.
Farley, Kentucky is a small city with a population of 4,588 residents. The majority of Farley residents report their race to be White; this is followed by Black and Asian. If you're not a fan of traffic congestion and long commute times to work, Farley is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 14 minutes, significantly lower than the national average of 26 minutes.
If you’re considering moving to any new city, it could be a very discouraging task. However, it could also be a great experience if you are willing to get to know the town before actually living in Farley, 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. Finding the best places to live in Farley and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, health & safety, education, employment, housing and other important metrics.
Farley, KY receives 61/100 for its livability score; this results in a ranking of #346 in Kentucky and #16,619 in the USA. Based on the rankings for each individual category, Farley has been rewarded with high marks for crime (A-), cost of living (A+) and housing (A-). Unfortunately for Farley, there are some categories for which it does not rank well, this includes: amenities (F), education (F) and employment (D).
Unemployment rates can range pretty dramatically from one city to another. Knowing that Farley has an unemployment rate of 1.6% 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.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Farley market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Assuming that Farley meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Farley. Everything else becomes a lot less important if it turns out that home prices in Farley are simply unattainable. The median home price for Farley homes is $121,131, which is 46.2% lower than the Kentucky average. If we take a closer look at the affordability of homes in Farley, we’ll see that the home price to income ratio is 2.1, which is 38.2% lower than the Kentucky average.
| Statistic | Farley | Kentucky | National |
| Average one way commute | 14min | 23min | 26min |
| Workers who drive to work | 88.9% | 82.2% | 76.4% |
| Workers who carpool | 7.9% | 9.7% | 9.3% |
| Workers who take public transit | 0.4% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.0% | 2.4% | 2.8% |
| Working from home | 2.1% | 3.3% | 4.6% |
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