Boone County, Kentucky Income Statistics
Boone 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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B
Boone County Around averageAmong the top 3 wealthiest counties in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Boone County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $99,828 | $64,312 | $80,455 |
| Median Personal Income | $64,135 | $52,849 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.6% | 4.8% |
| Six-Figure Earners | 15.9% | 8.9% | 13.9% |
| $200k+ Households | 14.3% | 7.2% | 13.2% |
The median household income in Boone County is about 55% higher than in Kentucky. Income has been growing faster in Boone County (4.6%/yr) than in Kentucky (4.6%/yr).
About 16% of adults in Boone County earn six figures ($100,000 or more) a year, higher than the Kentucky average of 9%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Boone County, Kentucky grew by 52.5% from 2009 to 2024, reaching $99,828 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Boone County
| Metric | Boone County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.547 | 0.552 |
| Male Median Income | $76,030 | $60,966 | $69,667 |
| Female Median Income | $58,861 | $49,119 | $56,850 |
| Gender Pay Gap | 22.6% | 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 Boone County, it is 0.521, 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 29% more than women's income in Boone County, Kentucky. Over a 35-year career, a 29% wage gap accumulates to roughly $600,915 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Boone County, Kentucky has narrowed from about 29% to 23% in 2024. Over that period the gap was narrowest at 21% in 2018. In dollar terms, the gap has widened by $1,574 since 2009.
Employment
| Metric | Boone County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 4.8% | 5.2% |
| Working from Home | 13.4% | 10.2% | 15.0% |
| Commute time (minutes) | 21 | 20 | 22 |
Approximately 2,293 people are unemployed in Boone County, Kentucky.
The average commute time in Boone County is 21 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Boone County, Kentucky has fallen from 5.5% to 3.1% in 2024. Over that period the rate peaked at 6.9% in 2013 and fell as low as 2.8% in 2022.
Boone County, KY Wealth Compared With Nearby Counties
Boone County, KY is the 3rd largest of the 6 counties compared here, 139,822 residents against a local median of 51,094. Boone County, KY's median household income, at $99,828, runs 38% above the $72,506 typical of the counties around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 3.1% against a local median of 4.3%, 28% below it. Every measure here with a clear better direction points the same way, so Boone County, KY is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread $18,727 on median household income, so Boone County, KY sits at one end of an already wide local range rather than apart from it. Boone County, KY has the highest median household income 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. |
|---|---|---|---|---|---|
| Boone County, KY | 139,822 | $99,828 #1/6 | 4.6%/yr #3/6 | 3.1% #3/6 | 0.521 #4/6 |
| Kenton County, KY | 171,173 | $81,725 | 4.7%/yr | 4.3% | 0.517 |
| Ohio County, IN | 5,998 | $70,588 | 3.4%/yr | 1.3% | 0.504 |
| Gallatin County, KY | 8,769 | $65,030 | 3.0%/yr | 4.6% | 0.545 |
| Hamilton County, OH | 829,354 | $72,506 | 4.6%/yr | 5.0% | 0.536 |
| Dearborn County, IN | 51,094 | $83,757 | 4.1%/yr | 1.9% | 0.508 |
Conclusion
Considering all these factors, Boone County, Kentucky has an overall wealth index grade of B, making it notably better than Kentucky, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Boone County, Kentucky.
How Rich Is Boone County, Kentucky?
Boone County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $99,828, about 55% higher than the Kentucky average of $64,312.
How fast is household income rising in Boone County, Kentucky?
Between 2009 and 2024, the median household income in Boone County, Kentucky rose 52%, from $65,476 to $99,828. Over the same years, income here lagged behind Kentucky as a whole: +52% against +56%.
What was the median household income in Boone County in 2023?
In 2023, the median household income in Boone County, Kentucky was $95,774, up 4% from $92,046 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Boone County in 2020?
In 2020, the median household income in Boone County, Kentucky was $82,756. By 2024 it had risen 21% to $99,828.
Do many residents of Boone County, Kentucky earn over $100,000?
Yes. 16% of adults in Boone County, Kentucky earn $100,000 or more a year (about 1 in 6), against 9% (about 1 in 11) in Kentucky. 14% of households have a combined income of $200,000 or more, compared with 7% in Kentucky.
Is unemployment high in Boone County, Kentucky?
Unemployment in Boone County, Kentucky is only 3.1%, 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 Boone County, Kentucky?
The Gini coefficient in Boone County is 0.521. 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 Boone County, Kentucky?
Since 2009, the income gap between men and women in Boone County, Kentucky has narrowed from about 29% to 23% in 2024. Over that period the gap was narrowest at 21% in 2018. In dollar terms, the gap has widened by $1,574 since 2009.
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