Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Crime
This area boasts a crime rate that is far below the national average, making it a very safe place to live. These crime statistics encompass both property and violent offenses.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Ratings
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Versailles, Kentucky is a smaller city with a population of 9,251 people. At 86%, the majority of the Versailles population is White; this is followed by 6% Black and 1% Asian. If you prefer shorter commutes, living in Versailles will be a delight. With an average one-way commute time of just 18 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Are you trying to figure out if living in Versailles is the right fit for your lifestyle? To ensure a positive experience before moving to any new city in Kentucky, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. To help you find the best places to live in and around Versailles, AreaVibes has created a livability score using key metrics like crime, health & safety, education, employment, housing and more.
Using data and statistics Versailles has received a livability score of 73 out of 100. This score is ranked in the 84th percentile when compared to all other cities. For each of the livability categories, we know that Versailles ranks very well for crime (A+), cost of living (A+) and housing (A). There is at least one category that does not have great scores in Versailles. The following was graded with a discouraging score: amenities (F) and employment (D).
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and can help foster positive community dynamics and social cohesion. Versailles has a violent crime rate of 70 crimes per 100,000 residents which is far lower than the national average.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Versailles has an unemployment rate of 2.63% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Versailles has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Versailles. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Versailles are affordable. Median real estate prices in Versailles come in at $175,200, which is 38.9% higher than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Versailles, the home price to income ratio is 3.7, which is 32.1% higher than the Kentucky average.
| Statistic | Versailles | Kentucky | National |
| Average one way commute | 18min | 23min | 26min |
| Workers who drive to work | 74.1% | 82.2% | 76.4% |
| Workers who carpool | 13.2% | 9.7% | 9.3% |
| Workers who take public transit | 0.2% | 1.1% | 5.1% |
| Workers who bicycle | 1.5% | 0.2% | 0.6% |
| Workers who walk | 2.4% | 2.4% | 2.8% |
| Working from home | 7.9% | 3.3% | 4.6% |
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