Independence is a medium-sized city located in the state of Kentucky. With a population of 29,503 people and six associated neighborhoods, Independence is the 11th largest community in Kentucky. Much of the housing stock in Independence was built relatively recently. The construction of new real estate can often be taken as an indication that the local Independence economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Independence, where the median household income is $98,653.00.
Independence real estate is some of the most expensive in Kentucky, although Independence house values don't compare to the most expensive real estate in the U.S.
Also of interest is that Independence has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Independence telecommute to their jobs. Overall, about 12.74% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Independence is a great place for families with children to consider. First of all, many other families with children live here, making Independence a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Independence has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Independence’s overall crime rate is lower than average for the country.
The population of Independence is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 37.26% of adults in Independence have a bachelor's degree or even advanced degree.
The per capita income in Independence in 2022 was $39,477, which is wealthy relative to Kentucky, and upper middle income relative to the rest of the US. This equates to an annual income of $157,908 for a family of four. However, Independence contains both very wealthy and poor people as well.
The people who call Independence home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Independence residents report their race to be White, followed by Black or African-American. Important ancestries of people in Independence include German, English, Irish, European, and French.
The most common language spoken in Independence is English. Other important languages spoken here include Spanish and Chinese.