Cost Of Living
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.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Housing
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.
Amenities
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.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Schools
The low schools score could result from issues like below-average graduation rates, inadequate reading and math scores, and the unavailability of local elementary and high schools.
Located in the state of Kentucky, Providence is a small city with a population of 3,006 residents. If we look at the most recent Census, Providence is known to have a predominantly White population. The next two most common races are Black and Asian. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Providence entails a longer-than-average one-way commute time, averaging 33 minutes.
Are you trying to ascertain if living in Providence is the right fit for your lifestyle? To ensure a positive experience before moving to any new city in Kentucky, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. To help you find the best places to live in and around Providence, AreaVibes has created a livability score using key metrics like amenities, crime, cost of living, commute and more.
Using data and statistics Providence has received a livability score of 60/100. This score is ranked in the 40th percentile when compared to all other cities. This is not a favorable rating; as this score ranks among some of the lowest in America. Living in Providence may not be a pleasant experience. If we explore each of the categories individually, we see that Providence ranks well for crime (A+) and housing (B). There are some categories that Providence ranks poorly for, including: amenities (F), education (D-) and employment (F). It might be worth taking a closer look to find out why.
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 142 crimes per 100,000 residents, Providence has a violent crime rate that is far below the national average.
The unemployment rate in Providence has consistently declined over the years and currently stands well below the national average at 2.64%. 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. Providence 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.
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 Providence is actually affordable. Median real estate prices in Providence come in at $48,000, which is 61.9% lower than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Providence, the home price to income ratio is 1.2, which is 57.1% lower than the Kentucky average.
| Statistic | Providence | Kentucky | National |
| Average one way commute | 33min | 23min | 26min |
| Workers who drive to work | 72.5% | 82.2% | 76.4% |
| Workers who carpool | 27.1% | 9.7% | 9.3% |
| Workers who take public transit | 0.0% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.2% | 2.4% | 2.8% |
| Working from home | 0.3% | 3.3% | 4.6% |
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