Farmers, KY Profile: Facts & Data

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Farmers, Kentucky - Basic Facts

The Farmers CDP(1) had a population of 249 as of July 1, 2023. Farmers ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Kentucky. See peer rankings below.

The primary coordinate point for Farmers is located at latitude 38.1429 and longitude -83.546 in Rowan County. The formal boundaries for the Farmers Census Designated Place encompass a land area of 0.85 sq. miles and a water area of 0 sq. miles.

The Farmers Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Farmers Census Designated Place is located within Morehead Division of Rowan County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Farmers 2023 Demographic Data
  2. Growth Rates for Farmers (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Kentucky Research Tools (Easy Tools & Current Data)
  3. Kentucky Data Comparison Tool - 2023 Demographics
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Farmers, KY Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 249 (100%)
Population in Households 249 (100.0%)
Population in Families 206 (82.7%)
Population in Group Quarters1 0
Population Density 250
Diversity Index2 12
 
 

INCOME

Median Household Income $61,178
Average Household Income $90,583
% of Income for Mortgage4 17%
Per Capita Income $35,287
Wealth Index5 70
Socioeconomic Status Index6 Moderate (54.4)
 

HOUSING

Total HU (Housing Units) 109 (100%)
Owner Occupied HU 65 (59.6%)
Renter Occupied HU 32 (29.4%)
Vacant Housing Units 12 (11.0%)
Median Home Value $173,611
Average Home Value $161,923
Housing Affordability Index3 149
 

HOUSEHOLDS

Total Households 97
Average Household Size 2.57
Family Households 69
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.75% -0.73%
Households 0.64% -0.42%
Families   -0.89%
Median Household Income   1.96%
Per Capita Income   1.82%
Owner Occupied HU   -6.28%

Farmers, KY - Peer Comparisons by Rank and Percentile

The table below compares Farmers to the other 555 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 456 18th
Population Density # 482 13th
Median Household Income # 210 62nd
Housing Affordability Index # 344 62nd
Per Capita Income # 180 68th
Diversity Index # 435 22nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Kentucky Census Data Comparison Tool.

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