Everything You Should Know Before Moving to Premium, KY
Thinking of moving to Premium, KY? With a cozy population of just 275, this rural community offers affordable living—a median home price of $93,000 and average rent around $600. Commute times average 25 minutes, and the area boasts a low violent crime rate of 132 per 100K. Residents enjoy a mild climate with 59% sunny days, and schools in nearby Letcher County provide local educational options. If you value small-town charm, low costs, and scenic Kentucky hills, Premium could be a great fit for your next move.
Demographics - Premium, KY
Demographics - Premium, KY
Premium, KY is a small rural community of 275 residents, predominantly White, with a median age of 43.1. The area features a balanced gender ratio and a close-knit atmosphere where most people speak English at home.
Population:
275
Density:
45 per sq mi
Median Age:
43.1
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
2.8%
Ethnic Composition
White:
96.3%
Black:
1.1%
Asian:
0.3%
Others:
2.3%
Cost Of Living
What is the average cost of living in Premium, KY?
Living in Premium is highly affordable, with a median home value of $93,000 and average rents near $600. The overall cost of living index is well below the national average, making it attractive for budget-conscious individuals.
Median House Value:
$93,000
Gross Rent:
$600
Monthly Electricity Charges:
$115
Auto Insurance:
$1,170
House Owner Cost With Mortgage:
$780
House Owner Cost Without Mortgage:
$310
State Taxes:
Low:
2.0%
|
High:
5.0%
Cost Of Living Index:
78.6
Grocery:
91.2
Housing:
50.3
Utilities:
98.1
Transportation:
87.5
Health Care:
85.7
Miscellaneous:
82.4
Crime
Is Premium, KY a safe place to live?
Premium experiences low crime rates, with just 132 violent crimes per 100,000 people, providing residents with a sense of safety. The risk of property crime is also relatively low compared to larger cities.
Violent Crimes Per 100k:
132
Property Crimes Per 100k:
1,280
Crime Index:
1,412
Chance Of Violent Crime:
1 in 757
Chance Of Property Crime:
1 in 78
Weather
What is the weather like in Premium, KY year-round?
The climate in Premium features mild winters and warm summers, with average highs reaching 85°F in July and 41°F in January. Residents enjoy about 59% sunny days and receive over 48 inches of rainfall annually, supporting the region’s lush landscape.
Winter
Min:
24°F
Max:
41°F
Spring
Min:
44°F
Max:
69°F
Summer
Min:
62°F
Max:
85°F
Fall
Min:
45°F
Max:
70°F
Average Rainfall Inches:
48.2 inches
Sunny Days Percentage:
59%
Neighbors
Local households have a median income of $33,500, and about a quarter of residents live below the poverty line. Most neighbors have at least a high school education, and average commute times are around 25 minutes, reflecting the area's rural character.
Median Income:
$29,000
Household Income:
$33,500
Family Income:
$41,200
Per Capita Income:
$19,200
Income Male:
$36,500
Income Female:
$24,000
Poverty Rate:
23.5%
Non English Speakers:
2.8%
Rent:
$600
Unemployment Rate:
7.1%
Public Transport Usage:
0.3%
Commute Time:
25.4 minutes
Education
High School or Higher:
78.9%
Bachelors or More:
12.4%
Education
How are the schools in Premium, KY?
Education in Premium is served by public schools in Letcher County, including a local high school and elementary school with favorable student-teacher ratios. Nearby Southeast Kentucky Community & Technical College provides accessible higher education within a short drive.
Public Schools
Name:
Letcher County Central High School
Street:
435 Cougar Drive
Phone:
606-633-2339
Students:
980
Student Teacher Ratio:
15.6
Name:
West Whitesburg Elementary School
Street:
375 Cougar Drive
Phone:
606-633-8312
Students:
420
Student Teacher Ratio:
14.9
Colleges
Name:
Southeast Kentucky Community & Technical College
City:
Whitesburg
State:
KY
Distance:
7 miles
Students:
2,100
Healthcare
Healthcare access includes a general hospital in nearby Whitesburg and a physician rate of 1.5 per 1,000 residents. Most people have health insurance, contributing to a supportive local healthcare environment.
Major Hospitals
Name:
Whitesburg ARH Hospital
Address:
240 Hospital Rd, Whitesburg, KY 41858
Phone:
(606) 633-3500
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.5
Health Insurance Coverage:
88.2%
Health Care Index:
66.4
Housing Market
What is the housing market like in Premium, KY?
The housing market in Premium is stable and affordable, with a median home price of $93,000 and a high owner-occupancy rate of over 76%. Rental options are available, and the area sees low rates of new construction and foreclosures.
Median Home Price:
$93,000
Average Rent For 2 Bedroom:
$600
Owner Occupied Rate:
76.4%
Rental Vacancy Rate:
8.6%
Home Appreciation Rate (1yr):
2.1%
New Construction Rate:
0.4%
Foreclosure Rate:
0.8%
DMV Information
Driver services for Premium residents are provided by the Kentucky Transportation Cabinet in Frankfort, offering licensing and registration support both online and in person.
State:
Kentucky
Department:
Kentucky Transportation Cabinet - Division of Driver Licensing
Address:
200 Mero St, Frankfort, KY 40622
Phone:
502-564-1257
Website:
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.