Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
AreaVibes collected feedback from local residents in the area through surveys and polls, and the results did not show a favorable view of things like local amenities and the safety of the area.
Located in the state of Kentucky, Paducah is a mid-sized city with a population of 24,947 inhabitants. At 73%, the majority of the Paducah population is White; this is followed by 21% Black and 1% Asian. If you prefer shorter commutes, living in Paducah will be a delight. With an average one-way commute time of just 18 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Paducah could be a positive experience compared to other cities in Kentucky if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Finding the best places to live in Paducah and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes health & safety, education, employment and other important metrics.
Using data and statistics Paducah has received a livability score of 67/100. This score is ranked in the 68th percentile when compared to all other cities. If we dig a little deeper into each category within the livability score, we see that Paducah has higher than average rankings for the following: housing (B). The bad news for Paducah, there are some categories for which it does not rank well, this includes: amenities (F) and employment (D-).
The unemployment rate in Paducah has consistently declined over the years and currently stands well below the national average at 1.72%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Paducah excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Paducah 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 Paducah. Everything else becomes a lot less important if it turns out that home prices in Paducah are simply unattainable. Median real estate prices in Paducah come in at $118,100, which is 6.3% lower than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Paducah, the home price to income ratio is 3, which is 7.1% higher than the Kentucky average.
Statistic | Paducah | Kentucky | National |
Average one way commute | 18min | 23min | 26min |
Workers who drive to work | 82.3% | 82.2% | 76.4% |
Workers who carpool | 6.7% | 9.7% | 9.3% |
Workers who take public transit | 0.7% | 1.1% | 5.1% |
Workers who bicycle | 0.6% | 0.2% | 0.6% |
Workers who walk | 3.3% | 2.4% | 2.8% |
Working from home | 4.8% | 3.3% | 4.6% |