Anderson County, Kentucky Income Statistics
Anderson County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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C
Anderson County Below averageWealthier than 90% of counties in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Anderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,458 | $64,312 | $80,455 |
| Median Personal Income | $54,780 | $52,849 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.6% | 4.8% |
| Six-Figure Earners | 8.9% | 8.9% | 13.9% |
| $200k+ Households | 5.0% | 7.2% | 13.2% |
The median household income in Anderson County is about 16% higher than in Kentucky. Income has been growing slower in Anderson County (4.3%/yr) than in Kentucky (4.6%/yr).
About 9% of adults in Anderson County earn six figures ($100,000 or more) a year, about the same as the Kentucky average of 9%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Anderson County, Kentucky grew by 44.8% from 2009 to 2024, reaching $74,458 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Anderson County
| Metric | Anderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.508 | 0.547 | 0.552 |
| Male Median Income | $65,670 | $60,966 | $69,667 |
| Female Median Income | $50,706 | $49,119 | $56,850 |
| Gender Pay Gap | 22.8% | 19.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Anderson County, it is 0.508, lower than Kentucky's 0.547, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 30% more than women's income in Anderson County, Kentucky. Over a 35-year career, a 30% wage gap accumulates to roughly $523,740 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Anderson County, Kentucky has widened from about 21% to 23% in 2024. Over that period the gap was widest at 23% in 2023, and was narrowest at 6% in 2017. In dollar terms, the gap has widened by $5,605 since 2009.
Sharply against the trend: the pay gap in Anderson County widened by 1.4 points while Kentucky's narrowed by 5.2 points.
Employment
| Metric | Anderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 4.8% | 5.2% |
| Working from Home | 9.5% | 10.2% | 15.0% |
| Commute time (minutes) | 28 | 20 | 22 |
Approximately 261 people are unemployed in Anderson County, Kentucky.
The average commute time in Anderson County is 28 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Anderson County, Kentucky has fallen from 7.8% to 2.2% in 2024. Over that period the rate peaked at 8.1% in 2013.
Anderson County, KY Wealth Compared With Nearby Counties
Anderson County, KY is typical in size for this group, 24,353 residents against a local median of 27,278, so the measures below are close to a like for like comparison. The measure that sets Anderson County, KY apart most is unemployment: 2.2%, 46% below the local median of 4.2%. That is the better end of the local range on this measure.
The counties themselves spread 3.4% on unemployment, so Anderson County, KY sits at one end of an already wide local range rather than apart from it. Anderson County, KY has the lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Anderson County, KY | 24,353 | $74,458 #3/6 | 4.3%/yr #4/6 | 2.2% #1/6 | 0.508 #2/6 |
| Mercer County, KY | 23,027 | $66,328 | 4.7%/yr | 4.3% | 0.512 |
| Woodford County, KY | 27,278 | $83,715 | 4.4%/yr | 2.5% | 0.519 |
| Franklin County, KY | 51,842 | $67,514 | 3.5%/yr | 5.9% | 0.504 |
| Shelby County, KY | 49,096 | $86,215 | 4.2%/yr | 4.2% | 0.534 |
| Washington County, KY | 12,140 | $61,907 | 4.8%/yr | 3.4% | 0.519 |
Conclusion
Considering all these factors, Anderson County, Kentucky has an overall wealth index grade of C, making it somewhat better than Kentucky, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Anderson County, Kentucky.
How Wealthy Is Anderson County, Kentucky?
Anderson County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $74,458, about 16% higher than the Kentucky average of $64,312.
How has median household income changed in Anderson County, Kentucky?
Between 2009 and 2024, the median household income in Anderson County, Kentucky rose 45%, from $51,422 to $74,458. Over the same years, income here lagged behind Kentucky as a whole: +45% against +56%.
What was the median household income in Anderson County in 2023?
In 2023, the median household income in Anderson County, Kentucky was $72,856, up 7% from $68,158 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Anderson County in 2020?
In 2020, the median household income in Anderson County, Kentucky was $55,126. By 2024 it had risen 35% to $74,458.
How strong is the job market in Anderson County, Kentucky?
Unemployment in Anderson County, Kentucky is only 2.2%, well below the Kentucky rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Anderson County, Kentucky?
The Gini coefficient in Anderson County is 0.508. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Anderson County, Kentucky?
Since 2009, the income gap between men and women in Anderson County, Kentucky has widened from about 21% to 23% in 2024. Over that period the gap was widest at 23% in 2023, and was narrowest at 6% in 2017. In dollar terms, the gap has widened by $5,605 since 2009.
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