Breckinridge County, Kentucky Income Statistics
Breckinridge 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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D
Breckinridge County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Breckinridge County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,056 | $64,312 | $80,455 |
| Median Personal Income | $47,718 | $52,849 | $60,758 |
| Average Yearly Income Growth | 2.9% | 4.6% | 4.8% |
| Six-Figure Earners | 7.8% | 8.9% | 13.9% |
| $200k+ Households | 4.5% | 7.2% | 13.2% |
The median household income in Breckinridge County is about 14% lower than in Kentucky. Income has been growing slower in Breckinridge County (2.9%/yr) than in Kentucky (4.6%/yr).
About 8% of adults in Breckinridge 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 Breckinridge County, Kentucky grew by 45.9% from 2009 to 2024, reaching $55,056 in 2024. That's an average of about 2.9% per year.
Income Inequality and the Gender Pay Gap in Breckinridge County
| Metric | Breckinridge County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.547 | 0.552 |
| Male Median Income | $60,437 | $60,966 | $69,667 |
| Female Median Income | $43,243 | $49,119 | $56,850 |
| Gender Pay Gap | 28.4% | 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 Breckinridge County, it is 0.569, 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 40% more than women's income in Breckinridge County, Kentucky. Over a 35-year career, a 40% wage gap accumulates to roughly $601,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Breckinridge County, Kentucky has narrowed from about 41% to 28% in 2024. Over that period the gap was narrowest at 15% in 2016. In dollar terms, the gap has widened by $490 since 2009.
Employment
| Metric | Breckinridge County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.8% | 5.2% |
| Working from Home | 3.8% | 10.2% | 15.0% |
| Commute time (minutes) | 27 | 20 | 22 |
Approximately 397 people are unemployed in Breckinridge County, Kentucky.
The average commute time in Breckinridge County is 27 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Breckinridge County, Kentucky has fallen from 13.8% to 4.5% in 2024. Over that period the rate peaked at 15.2% in 2013.
Breckinridge County, KY Wealth Compared With Nearby Counties
Breckinridge County, KY is the 4th largest of the 6 counties compared here, 20,880 residents against a local median of 26,707. The measure that sets Breckinridge County, KY apart most is income growth: 2.9%/yr, 22% below the local median of 3.7%/yr. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $55,056 against a local median of $64,984, 15% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Breckinridge County, KY reads weaker than its neighbours on all of them. The counties themselves spread 1.9%/yr on income growth, so Breckinridge County, KY sits at one end of an already wide local range rather than apart from it. Breckinridge County, KY has the 6th highest income growth 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. |
|---|---|---|---|---|---|
| Breckinridge County, KY | 20,880 | $55,056 #5/6 | 2.9%/yr #6/6 | 4.5% #2/6 | 0.569 #5/6 |
| Meade County, KY | 30,155 | $73,987 | 5.1%/yr | 4.7% | 0.522 |
| Grayson County, KY | 26,707 | $51,160 | 4.5%/yr | 6.6% | 0.570 |
| Hancock County, KY | 9,034 | $64,984 | 3.7%/yr | 4.4% | 0.537 |
| Perry County, IN | 19,268 | $60,570 | 3.2%/yr | 4.5% | 0.536 |
| Hardin County, KY | 111,942 | $67,218 | 3.4%/yr | 6.2% | 0.532 |
Conclusion
Considering all these factors, Breckinridge 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 Breckinridge County, Kentucky.
How Rich Is Breckinridge County, Kentucky?
Breckinridge 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 $55,056, about 14% lower than the Kentucky average of $64,312.
How has median household income changed in Breckinridge County, Kentucky?
Between 2009 and 2024, the median household income in Breckinridge County, Kentucky rose 46%, from $37,727 to $55,056. Over the same years, income here lagged behind Kentucky as a whole: +46% against +56%.
What was the median household income in Breckinridge County in 2023?
In 2023, the median household income in Breckinridge County, Kentucky was $53,696, up 3% from $52,065 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Breckinridge County in 2020?
In 2020, the median household income in Breckinridge County, Kentucky was $47,559. By 2024 it had risen 16% to $55,056.
What is the Gini coefficient in Breckinridge County, Kentucky?
The Gini coefficient in Breckinridge County is 0.569. 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 Breckinridge County, Kentucky?
Since 2009, the income gap between men and women in Breckinridge County, Kentucky has narrowed from about 41% to 28% in 2024. Over that period the gap was narrowest at 15% in 2016. In dollar terms, the gap has widened by $490 since 2009.
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