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Drakesboro, Kentucky Demographics & Population 2026

During the 2020–2024 ACS period, Drakesboro, Kentucky had a total population of 320, the 413th largest city in Kentucky, with a median household income of $34,375, which is 46% lower than the state average. The poverty rate is 46.6%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Drakesboro Quick Facts

Population 320
Median Household Income $34,375
Median Home Value $75,500
Poverty Rate 46.6%
Unemployment Rate 4.8%
Median Age 38.0 years
Homeownership Rate 83.2%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 5.3%
High School Graduation Rate 70.9%
Diversity Index 37/100
Population 320 413th of 552
Median Income $34,375 bottom 20%
Poverty Rate 46.6% 274% higher than national
Median Home Value $75,500 bottom 10%

How Drakesboro Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population586320-45.4%
Median household income$41,500$34,375-17.2%
Median home value$76,900$75,500-1.8%

How Drakesboro Compares

Economy & Housing

Household Income Distribution

Under $25K 42.5%
$25K-$50K 27.4%
$50K-$100K 20.3%
$100K+ 9.7%
Detailed income brackets
Under $10K
1.8%
$10K-$15K
17.7%
$15K-$20K
7.1%
$20K-$25K
15.9%
$25K-$30K
3.5%
$30K-$35K
4.4%
$35K-$40K
1.8%
$40K-$45K
9.7%
$45K-$50K
8.0%
$50K-$60K
6.2%
$60K-$75K
4.4%
$75K-$100K
9.7%
$100K-$125K
9.7%
$125K-$150K
0.0%
$150K-$200K
0.0%
$200K+
0.0%

Employment

4.8% Unemployment Rate State: 4.9%|National: 5.2%
43.4% Labor Force Participation

Housing Overview

Owner 83.2%
Renter 16.8%
Affordability Index Very Affordable
2.2x home value to income ratio
Median gross rent $964/mo 33.7% of median household income annually

People & Demographics

Diversity Index

37out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 33 | National average: 61

Education

Drakesboro Rankings in Kentucky

#413 Population of 552
#441 Median Income of 496
#481 Education of 550
#452 Home Value of 495

Other Cities in Muhlenberg County

CityPopulationMedian IncomePovertyHome Value
Central City 5,707 $50,885 25.6% $143,600
Greenville 4,410 $46,054 21.3% $116,400
Powderly 931 $50,662 20.4% $99,300
Beechmont 771 $52,240 25.4% $162,900
Bremen 285 $68,125 16.1% $129,700
Dunmor 209 $41,806 28.2% $151,100
South Carrollton 157 $41,307 19.8% $125,000
Cleaton 38 N/A 0.0% N/A

Cities Similar to Drakesboro

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Millstone317N/AN/A0.0%0.0%
Sacramento317$34,107$75,30010.0%32.8%
Phelps301N/A$102,7007.2%36.5%
Wayland316$28,333$40,50014.1%48.3%
Ezel313$41,000$105,40025.4%7.3%

A note before these figures: with a population of 320, Drakesboro's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Drakesboro is a small community located in Kentucky, within Muhlenberg County. The total population is 320. It ranks as the 413th most populous out of 552 Census-designated places in Kentucky.

Age Demographics

The median age in Drakesboro is 38.0 years. This is 3% lower than the state median of 39.1 years.

Economy, Income & Housing

The median household income in Drakesboro is $34,375. This is 46% lower than the state median of $63,726. It is also 57% lower than the national median of $80,734. The poverty rate stands at 46.6%. This is 190% higher than the state poverty rate of 16.1%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 4.8%. This is 2% lower than the state rate of 4.9%. The median home value is $75,500. Housing costs are 63% lower than the state median of $205,600. With a home-value-to-income ratio of just 2.2x, Drakesboro is one of the most affordable housing markets in the area. 83.2% of occupied housing units are owner-occupied. This homeownership rate is 22% higher than the state average of 68.3%.

Race & Ethnicity

The largest racial or ethnic group in Drakesboro is White (non-Hispanic), making up 77.8% of the population. Hispanic or Latino residents account for 15.6%. The Black or African American population (3.1%) is well below the state average of 7.5%. The Hispanic or Latino population is significantly higher than the state average (15.6% vs 5.0%).

Education

5.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 81% lower than the state rate of 27.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 70.9%.

Data Sources & Methodology

All demographic data for Drakesboro, Kentucky is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Kentucky state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 552 Census-designated places in Kentucky. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Drakesboro, Kentucky?

Drakesboro, Kentucky has a population of 320 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Drakesboro, KY?

The median household income in Drakesboro is $34,375, which is 57% lower than the national median of $80,734.

What is the poverty rate in Drakesboro, KY?

The poverty rate in Drakesboro is 46.6%. This means approximately 149 residents live below the federal poverty line.

What is the racial makeup of Drakesboro, Kentucky?

Drakesboro's population is 77.8% White, 3.1% Black, 15.6% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Drakesboro, KY?

The median home value in Drakesboro is $75,500. The home-value-to-income ratio is 2.2x.

How educated is Drakesboro, Kentucky?

5.3% of adults (25+) in Drakesboro hold a bachelor's degree or higher, and 1.9% hold a graduate or professional degree.