Coalton is an unincorporated community situated along U.S. Route 60, which was formerly known as the Midland Trail (before 1925) in western Boyd County, Kentucky, United States.

Kentucky Electric Steel (KES Acquisitions), which employs 118 union steelworkers, is located at Coalton.

The Hyland Company, has a dog food production plant located on U.S. Route 60.

CSX Transportation, formerly Chesapeake and Ohio Railway, operates a spur line from Ashland to Coalton.

This spur allows garbage to be delivered to the Big Run Landfill in neighboring Princess by rail from the CSX mainline in Ashland and also allows Steel Dynamics and the Hanson Brick Plant to transport their goods back to the CSX mainline.