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Loretto, KY

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Loretto is a tiny city located in the state of Kentucky. With a population of 714 people and just one neighborhood, Loretto is the 293rd largest community in Kentucky.

Loretto real estate is some of the most expensive in Kentucky, although Loretto house values don't compare to the most expensive real estate in the U.S.

Occupations and Workforce

Because occupations involving physical labor dominate the local economy, Loretto is generally considered to be a blue-collar town. 41.90% of the Loretto workforce is employed in blue-collar occupations, compared to the national average of 27.7%. Overall, Loretto is a city of production and manufacturing workers, managers, and sales and office workers. There are especially a lot of people living in Loretto who work in management occupations (13.33%), sales jobs (7.94%), and office and administrative support (6.98%).

Setting & Lifestyle

Because of many things, Loretto is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Loretto really has some of the features that families look for when choosing a good community to raise children. Is Loretto perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

Being a small city, Loretto does not have a public transit system used by locals to get to and from work.

Demographics

The population of Loretto has a very low overall level of education: only 9.86% of people over 25 hold a 4-year college degree or higher.

The per capita income in Loretto in 2022 was $36,236, which is wealthy relative to Kentucky, and middle income relative to the rest of the US. This equates to an annual income of $144,944 for a family of four. However, Loretto contains both very wealthy and poor people as well.

The people who call Loretto home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Loretto residents report their race to be White, followed by Black or African-American. Important ancestries of people in Loretto include English, Irish, German, Polish, and European.

The most common language spoken in Loretto is English. Other important languages spoken here include Italian and Polish.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

While most Americans do drive to work alone each day, the neighborhood stands out by having 89.9% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 97.1% of all American neighborhoods.

Occupations

NeighborhoodScout'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 42.3% of its working residents employed in such fields, which is a higher proportion than 95.7% of American neighborhoods.

People

The neighborhood is a great option for families, as revealed by NeighborhoodScout's research on this neighborhood. The combination of top public schools, low crime rates, and owner-occupied single family homes, make this neighborhood among the top 6.1% of family-friendly neighborhoods in the state of Kentucky. Many other families also live here, making it easy to socialize and develop a sense of community. In addition, families here highly value education, as is reflected by the strength of the local schools.

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, 23.2% of this neighborhood's residents have English ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the neighborhood in Loretto are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 46.6% of the neighborhoods in America. With 12.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.5% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the neighborhood, 42.3% 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 31.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.6%), and 10.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 100.0% 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 Loretto, KY, residents most commonly identify their ethnicity or ancestry as English (23.2%). There are also a number of people of Irish ancestry (14.3%), and residents who report German roots (2.2%), and some of the residents are also of Italian ancestry (1.2%), along with some Portuguese 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 15 and 30 minutes commuting one-way to work (37.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (89.9%) 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 (9.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
School District Enrollment
Educational Expenditures

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