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.
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 6,481 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. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Cold Spring is the right fit for you, your one way commute time will average 23 minutes, which is about average when compared to the national commute time of 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Cold Spring, Kentucky could be a positive experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. To help you find the best places to live in and around Cold Spring, AreaVibes has created a livability score using key metrics like cost of living, commute, health & safety, education, housing and more.
Using data and statistics Cold Spring has received a livability score of 78/100. This score is ranked in the 93rd percentile when compared to all other cities. Clearly, Cold Spring is doing something right, as this score ranks well above the average of most cities. The cherry on top is that Cold Spring also ranks in the top 10 percent of all cities. If we probe a little deeper into each category within the livability score, we see that Cold Spring has higher than average grades for the following: crime (A+), cost of living (A-), education (B-), employment (A-) and housing (B+). On a less positive note, Cold Spring does not have favorable ranks for the following: amenities (F). If we take a look at the data, we can find out why.
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Cold Spring, it boasts a notably low violent crime rate of 64 crimes per 100,000 residents, which significantly outperforms the national average.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Cold Spring has an unemployment rate of 2.13% 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.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Cold Spring is actually affordable. Median real estate prices in Cold Spring come in at $190,000, which is 50.7% higher than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Cold Spring, the home price to income ratio is 2.6, which is 7.1% 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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