This is a small community in a single neighborhood.
As throughout the site, some neighborhood-level data are reserved for subscribers.
What do we mean by a neighborhood?
Ä¢¹½ÊÓƵ® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. Ä¢¹½ÊÓƵ contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Providence is a very small city located in the state of Kentucky. With a population of 2,822 people and just one neighborhood, Providence is the 143rd largest community in Kentucky.
Occupations and Workforce
Because occupations involving physical labor dominate the local economy, Providence is generally considered to be a blue-collar town. 50.00% of the Providence workforce is employed in blue-collar occupations, compared to the national average of 27.7%. Overall, Providence is a city of production and manufacturing workers, sales and office workers, and professionals. There are especially a lot of people living in Providence who work in office and administrative support (10.52%), management occupations (6.47%), and teaching (5.78%).
Setting & Lifestyle
Overall, Providence’s crime rate is one of the lowest in the nation, which makes a great place to live if safety is an important concern.
The city is relatively quiet, having a combination of lower population density and few of those groups of people who have a tendency to be noisy. For example, Providence has relatively fewer families with younger children, and/or college students. Combined, this makes Providence a pretty quiet place to live overall. If you like quiet, you will probably enjoy it here.
One downside of living in Providence is that it can take a long time to commute to work. In Providence, the average commute to work is 31.03 minutes, which is quite a bit higher than the national average.
As is often the case in a small city, Providence doesn't have a public transportation system that people use for their commute.
Demographics
The citizens of Providence are slightly less educated than the national average of 21.84% for the average city or town: 16.04% of adults in Providence have a bachelor's degree or advanced degree
The per capita income in Providence in 2022 was $27,024, which is middle income relative to Kentucky, and lower middle income relative to the rest of the US. This equates to an annual income of $108,096 for a family of four. However, Providence contains both very wealthy and poor people as well.
Providence is a somewhat ethnically-diverse city. The people who call Providence home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Providence residents report their race to be White, followed by Black or African-American. Important ancestries of people in Providence include English, Irish, German, European, and Portuguese.
The most common language spoken in Providence is English. Other important languages spoken here include Polish and Italian.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Providence, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Occupations
Ä¢¹½ÊÓƵ's exclusive research identifies the neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 46.1% of its working residents employed in such fields, which is a higher proportion than 97.8% of American neighborhoods.
Modes of Transportation
In the neighborhood, carpooling is still a popular way to get to and from work. Ä¢¹½ÊÓƵ's analysis reveals that 23.2% of commuters carpool here, which is more than in 95.8% of all U.S. neighborhoods.
People
If you're nearing retirement age, or in retirement, the is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by Ä¢¹½ÊÓƵ as among the top 6.0% of retiree-friendly neighborhoods in Kentucky, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, Ä¢¹½ÊÓƵ identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Kentucky.
Diversity
Did you know that the neighborhood has more English ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.3% of this neighborhood's residents have English ancestry.
The Neighbors
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the neighborhood in Providence are lower-middle income, making it a below average income neighborhood. Ä¢¹½ÊÓƵ's research shows that this neighborhood has an income lower than 78.8% of U.S. neighborhoods. With 21.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 71.1% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the neighborhood, 46.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 22.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.7%), and 14.1% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the neighborhood is English, spoken by 98.7% of households.
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the neighborhood in Providence, KY, residents most commonly identify their ethnicity or ancestry as English (23.3%). There are also a number of people of Irish ancestry (9.0%), and residents who report German roots (8.4%), and some of the residents are also of Portuguese ancestry (1.1%), along with some Italian ancestry residents (1.1%), among others.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 30 and 45 minutes commuting one-way to work (30.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (71.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (23.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
