Bourbon County, Kentucky Income Statistics
Bourbon 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.
-
C
Bourbon County Below averageWealthier than 73% of counties in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bourbon County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,521 | $64,312 | $80,455 |
| Median Personal Income | $49,323 | $52,849 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.6% | 4.8% |
| Six-Figure Earners | 7.9% | 8.9% | 13.9% |
| $200k+ Households | 7.0% | 7.2% | 13.2% |
The median household income in Bourbon County is about 4% lower than in Kentucky. Income has been growing slower in Bourbon County (4.4%/yr) than in Kentucky (4.6%/yr).
About 8% of adults in Bourbon County earn six figures ($100,000 or more) a year, lower than the Kentucky average of 9%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Bourbon County, Kentucky grew by 60.7% from 2009 to 2024, reaching $61,521 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Bourbon County
| Metric | Bourbon County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.547 | 0.552 |
| Male Median Income | $56,731 | $60,966 | $69,667 |
| Female Median Income | $51,357 | $49,119 | $56,850 |
| Gender Pay Gap | 9.5% | 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 Bourbon County, it is 0.545, about the same as Kentucky's 0.547, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 10% more than women's income in Bourbon County, Kentucky. Over a 35-year career, a 10% wage gap accumulates to roughly $188,090 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bourbon County, Kentucky has narrowed from about 26% to 9% in 2024. Over that period the gap was widest at 27% in 2012, and was narrowest at 7% in 2023. In dollar terms, the gap has narrowed by $5,585 since 2009.
Employment
| Metric | Bourbon County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.8% | 5.2% |
| Working from Home | 10.7% | 10.2% | 15.0% |
| Commute time (minutes) | 23 | 20 | 22 |
Approximately 396 people are unemployed in Bourbon County, Kentucky.
The average commute time in Bourbon County is 23 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bourbon County, Kentucky has fallen from 10.1% to 4.2% in 2024. Over that period the rate peaked at 10.8% in 2014.
Bourbon County, KY Wealth Compared With Nearby Counties
Bourbon County, KY is the 4th largest of the 6 counties compared here, 20,240 residents against a local median of 28,394. Nothing separates Bourbon County, KY sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median household income, 7% below the local median at $61,521 against $66,114. Bourbon County, KY has the 4th 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. |
|---|---|---|---|---|---|
| Bourbon County, KY | 20,240 | $61,521 #4/6 | 4.4%/yr #4/6 | 4.2% #3/6 | 0.545 #5/6 |
| Nicholas County, KY | 7,708 | $59,796 | 6.4%/yr | 6.1% | 0.545 |
| Clark County, KY | 37,190 | $66,114 | 3.8%/yr | 4.4% | 0.533 |
| Harrison County, KY | 19,140 | $67,978 | 6.9%/yr | 3.2% | 0.524 |
| Fayette County, KY | 323,723 | $70,277 | 4.2%/yr | 4.8% | 0.544 |
| Montgomery County, KY | 28,394 | $56,855 | 4.7%/yr | 4.0% | 0.525 |
Conclusion
Considering all these factors, Bourbon County, Kentucky has an overall wealth index grade of C, making it about on par with Kentucky, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bourbon County, Kentucky.
How Rich Is Bourbon County, Kentucky?
Bourbon 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 $61,521, about 4% lower than the Kentucky average of $64,312.
How has median household income changed in Bourbon County, Kentucky?
Between 2009 and 2024, the median household income in Bourbon County, Kentucky rose 61%, from $38,293 to $61,521. Over the same years, income here outpaced Kentucky as a whole: +61% against +56%.
What was the median household income in Bourbon County in 2023?
In 2023, the median household income in Bourbon County, Kentucky was $56,785, up 3% from $54,961 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Bourbon County in 2020?
In 2020, the median household income in Bourbon County, Kentucky was $47,442. By 2024 it had risen 30% to $61,521.
What is the Gini coefficient in Bourbon County, Kentucky?
The Gini coefficient in Bourbon County is 0.545. 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 Bourbon County, Kentucky?
Since 2009, the income gap between men and women in Bourbon County, Kentucky has narrowed from about 26% to 9% in 2024. Over that period the gap was widest at 27% in 2012, and was narrowest at 7% in 2023. In dollar terms, the gap has narrowed by $5,585 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →