Boyd County, Kentucky Income Statistics
Boyd 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.
-
D
Boyd County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Boyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,181 | $64,312 | $80,455 |
| Median Personal Income | $51,731 | $52,849 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.6% | 4.8% |
| Six-Figure Earners | 7.9% | 8.9% | 13.9% |
| $200k+ Households | 5.4% | 7.2% | 13.2% |
The median household income in Boyd County is about 5% lower than in Kentucky. Income has been growing slower in Boyd County (4.2%/yr) than in Kentucky (4.6%/yr).
About 8% of adults in Boyd 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 Boyd County, Kentucky grew by 55.9% from 2009 to 2024, reaching $61,181 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Boyd County
| Metric | Boyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.570 | 0.547 | 0.552 |
| Male Median Income | $64,236 | $60,966 | $69,667 |
| Female Median Income | $44,747 | $49,119 | $56,850 |
| Gender Pay Gap | 30.3% | 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 Boyd County, it is 0.570, higher than Kentucky's 0.547, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 44% more than women's income in Boyd County, Kentucky. Over a 35-year career, a 44% wage gap accumulates to roughly $682,115 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Boyd County, Kentucky has narrowed from about 33% to 30% in 2024. Over that period the gap was widest at 34% in 2012, and was narrowest at 16% in 2021. In dollar terms, the gap has widened by $4,075 since 2009.
Employment
| Metric | Boyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 4.8% | 5.2% |
| Working from Home | 5.9% | 10.2% | 15.0% |
| Commute time (minutes) | 17 | 20 | 22 |
Approximately 1,318 people are unemployed in Boyd County, Kentucky.
The average commute time in Boyd County is 17 minutes, shorter than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Boyd County, Kentucky has fallen from 9.9% to 6.4% in 2024. Over that period the rate peaked at 11.6% in 2013.
Boyd County, KY Wealth Compared With Nearby Counties
Boyd County, KY is the 2nd largest of the 6 counties compared here, 47,914 residents against a local median of 35,630. Boyd County, KY's unemployment, at 6.4%, runs 20% above the 5.3% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 5.0% on unemployment, so Boyd County, KY sits at one end of an already wide local range rather than apart from it. Boyd County, KY has the 4th 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. |
|---|---|---|---|---|---|
| Boyd County, KY | 47,914 | $61,181 #2/6 | 4.2%/yr #3/6 | 6.4% #4/6 | 0.570 #5/6 |
| Lawrence County, OH | 56,809 | $58,057 | 3.5%/yr | 2.7% | 0.549 |
| Lawrence County, KY | 16,077 | $47,137 | 4.0%/yr | 7.7% | 0.552 |
| Greenup County, KY | 35,630 | $61,187 | 3.4%/yr | 6.7% | 0.546 |
| Wayne County, WV | 38,164 | $59,127 | 5.7%/yr | 4.9% | 0.533 |
| Carter County, KY | 26,341 | $51,424 | 4.4%/yr | 5.3% | 0.579 |
Conclusion
Considering all these factors, Boyd County, Kentucky has an overall wealth index grade of D, making it about on par with Kentucky, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Boyd County, Kentucky.
How Rich Is Boyd County, Kentucky?
Boyd County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $61,181, about 5% lower than the Kentucky average of $64,312.
How fast is household income rising in Boyd County, Kentucky?
Between 2009 and 2024, the median household income in Boyd County, Kentucky rose 56%, from $39,254 to $61,181. Over the same years, income here kept pace with Kentucky as a whole: +56% against +56%.
What was the median household income in Boyd County in 2023?
In 2023, the median household income in Boyd County, Kentucky was $60,888, up 5% from $58,099 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Boyd County in 2020?
In 2020, the median household income in Boyd County, Kentucky was $51,283. By 2024 it had risen 19% to $61,181.
Is it hard to find a job in Boyd County, Kentucky?
Unemployment in Boyd County, Kentucky is 6.4%, well above the Kentucky rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Boyd County, Kentucky?
The Gini coefficient in Boyd County is 0.570. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Boyd County, Kentucky?
Since 2009, the income gap between men and women in Boyd County, Kentucky has narrowed from about 33% to 30% in 2024. Over that period the gap was widest at 34% in 2012, and was narrowest at 16% in 2021. In dollar terms, the gap has widened by $4,075 since 2009.
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