Wealth Index
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.
Income Statistics Overview
| Metric | Bracken County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,152 | $62,784 | $78,145 |
| Median Personal Income | $54,064 | $53,643 | $61,726 |
| Average income growth | 7.6% | 4.9% | 5.1% |
| Six-Figure Earners | 4.8% | 8.4% | 13.2% |
The median household income in Bracken County is about 6% lower than in Kentucky. Income has been growing faster in Bracken County (7.6%/yr) than in Kentucky (4.9%/yr).
About 5% of adults in Bracken County earn six figures ($100,000 or more) a year, lower than the Kentucky average of 8%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bracken County, Kentucky grew by 56.3% from 2009 to 2023, reaching $59,152 in 2023. That's an average of about 7.6% per year.
Economic Inequality in Bracken County | Gender Pay Gap | Gini Coefficient
| Metric | Bracken County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.554 | 0.570 |
| Male Median Income | $63,763 | $59,736 | $67,746 |
| Female Median Income | $44,557 | $47,402 | $54,793 |
| Gender Pay Gap | 30.1% | 20.6% | 19.1% |
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 Bracken County, it is 0.528, lower than Kentucky's 0.554, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 43% more than women's income in Bracken County, Kentucky. Over a 35-year career, a 43% wage gap accumulates to roughly $672,210 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bracken County, Kentucky has widened from about 29% to 30% in 2023. In dollar terms, the gap has widened by $7,562 since 2009.
Employment
| Metric | Bracken County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.8% | 5.2% |
| Working from Home | 3.4% | 9.1% | 13.4% |
| Commute time (minutes) | 33 | 20 | 22 |
Approximately 218 people are unemployed in Bracken County, Kentucky.
The average commute time in Bracken County is 33 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bracken County, Kentucky has fallen from 7.2% to 5.5% in 2023.
Conclusion
Considering all these factors, Bracken 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 Bracken County, Kentucky.
How Rich Is Bracken County, Kentucky?
Bracken 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 $59,152, about 6% lower than the Kentucky average of $62,784.
What is the current median household income in Bracken County, Kentucky?
As of 2023, the median household income in Bracken County, Kentucky is $59,152.
What was the median household income in Bracken County in 2023?
In 2023, the median household income in Bracken County, Kentucky was $59,152.
What was the median household income in Bracken County in 2020?
In 2020, the median household income in Bracken County, Kentucky was $60,048.
What is the Gini coefficient in Bracken County, Kentucky?
The Gini coefficient in Bracken County is 0.528. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bracken County, Kentucky?
Since 2009, the income gap between men and women in Bracken County, Kentucky has widened from about 29% to 30% in 2023. In dollar terms, the gap has widened by $7,562 since 2009.