Kentucky / Floyd County

Moving to Bonanza, KY

Thinking of making a move to Bonanza, KY? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Bonanza, KY

Considering a move to Bonanza, KY? This welcoming community of 250 residents offers a blend of suburban charm and convenience, with median home prices around $78,000 and average rents near $620. Commute times average 27 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (57% annually), ideal for families and commuters alike. Explore Bonanza's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Bonanza, KY

Bonanza has a population of 250 residents, offering a diverse community with a median age of nearly 45 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 96% White, 1% Black, and 1% Asian residents, and over 2% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
250
Density
65 per sq mi
Median Age
44.5
Gender Ratio
101 males per 100 females
Non-English Speakers Percentage
1.8%

Ethnic Composition

White
96.0%
Black
1.0%
Asian
0.5%
Others
2.5%

Cost Of Living

What is the average cost of living in Bonanza, KY?

The cost of living in Bonanza is higher than the national average, with a cost of living index of 78.9. Median home values are around $78,000 and average rents for a two-bedroom apartment are approximately $620. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$78,000
Gross Rent
$620
Monthly Electricity Charges
$118
Auto Insurance
$1,180
House Owner Cost With Mortgage
$895
House Owner Cost Without Mortgage
$290
State Taxes
Low: 2.0%| High: 5.0%
Cost Of Living Index
78.9
Grocery
95.4
Housing
55.2
Utilities
93.6
Transportation
86.7
Health Care
89.3
Miscellaneous
90.2

Crime

Is Bonanza, KY a safe place to live?

Bonanza is considered a safe community, with a low violent crime rate of 58 incidents per 100,000 residents and a property crime chance of 1 in 153. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Kentucky.

Violent Crimes Per 100k
58
Property Crimes Per 100k
650
Crime Index
708
Chance Of Violent Crime
1 in 1,725
Chance Of Property Crime
1 in 153

Weather

What is the weather like in Bonanza, KY year-round?

Bonanza experiences four distinct seasons, with warm summers reaching highs of 85°F and cold winters dipping to 24°F. The area receives about 46 inches of rainfall annually and enjoys sunshine on 57% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
24°F
Max
41°F

Summer

Min
63°F
Max
85°F

Spring

Min
44°F
Max
68°F

Fall

Min
45°F
Max
70°F
Average Rainfall Inches
45.8 inches
Sunny Days Percentage
57%

Neighbors

The neighborhood boasts a healthy median household income of $40,200 and a low poverty rate of 25.1%. Over 78% of residents have at least a high school diploma, and nearly 10% hold a bachelor's degree or higher. Commute times average 27 minutes, and almost 0% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$25,400
Household Income
$40,200
Family Income
$49,300
Per Capita Income
$21,100
Income Male
$32,000
Income Female
$24,100
Poverty Rate
25.1%
Non English Speakers
1.8%
Rent
$620
Unemployment Rate
6.1%
Public Transport Usage
0.0%
Commute Time
27.2 minutes

Education

High School or Higher
77.6%
Bachelors or More
10.3%

Education

How are the schools in Bonanza, KY?

Bonanza offers quality education options, with public schools like Meade Memorial Elementary School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Big Sandy Community & Technical College. The community is committed to educational excellence for all age groups.

Public Schools

Name
Meade Memorial Elementary School
Street
20049 KY-3 S
Phone
606-789-3661
Students
320
Student Teacher Ratio
15.2

Colleges

Name
Big Sandy Community & Technical College
City
Prestonsburg
State
KY
Distance
22 miles
Students
2,700

Healthcare

Bonanza residents have access to quality healthcare, with major hospitals like Paul B. Hall Regional Medical Center nearby. The community benefits from a high physician-to-resident ratio of 1.3 per 1,000 people and 88.1% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Paul B. Hall Regional Medical Center
Address
625 James S Trimble Blvd, Paintsville, KY 41240
Phone
(606) 789-3511
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
1.3
Health Insurance Coverage
88.1%
Health Care Index
73.2

Housing Market

What is the housing market like in Bonanza, KY?

The local housing market is strong, with a median home price of $78,000 and an owner-occupied rate of nearly 80%. The market has seen a 3.4% appreciation over the past year, and rental vacancy rates remain moderate at 8.2%. Bonanza offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$78,000
Average Rent For 2 Bedroom
$620
Owner Occupied Rate
79.6%
Rental Vacancy Rate
8.2%
Home Appreciation Rate (1yr)
3.4%
New Construction Rate
0.6%
Foreclosure Rate
0.7%

DMV Information

Residents of Bonanza handle vehicle services through the Kentucky Transportation Cabinet - Division of Driver Licensing, conveniently located in Frankfort. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Kentucky
Department
Kentucky Transportation Cabinet - Division of Driver Licensing
Address
200 Mero Street, Frankfort, KY 40622
Phone
502-564-1257

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Bonanza, KY

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Bonanza, review the core fields on this page: population 250, median home value $78,000, average rent for 2 bedroom $620, commute time 27.2 minutes, and sunny days percentage 57%.

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