Wealth Index
Wealthier than 95% of counties in Kentucky
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 | Bullitt County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,413 | $62,784 | $78,145 |
| Median Personal Income | $56,561 | $53,643 | $61,726 |
| Average income growth | 4.4% | 4.9% | 5.1% |
| Six-Figure Earners | 9.1% | 8.4% | 13.2% |
The median household income in Bullitt County is about 26% higher than in Kentucky. Income has been growing slower in Bullitt County (4.4%/yr) than in Kentucky (4.9%/yr).
About 9% of adults in Bullitt County earn six figures ($100,000 or more) a year, higher than the Kentucky average of 8%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bullitt County, Kentucky grew by 50.4% from 2009 to 2023, reaching $79,413 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Bullitt County | Gender Pay Gap | Gini Coefficient
| Metric | Bullitt County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.504 | 0.554 | 0.570 |
| Male Median Income | $64,508 | $59,736 | $67,746 |
| Female Median Income | $49,395 | $47,402 | $54,793 |
| Gender Pay Gap | 23.4% | 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 Bullitt County, it is 0.504, 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 31% more than women's income in Bullitt County, Kentucky. Over a 35-year career, a 31% wage gap accumulates to roughly $528,955 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bullitt County, Kentucky has widened from about 22% to 23% in 2023. In dollar terms, the gap has widened by $5,425 since 2009.
Employment
| Metric | Bullitt County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 8.8% | 9.1% | 13.4% |
| Commute time (minutes) | 28 | 20 | 22 |
Approximately 1,818 people are unemployed in Bullitt County, Kentucky.
The average commute time in Bullitt County is 28 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bullitt County, Kentucky has fallen from 8.5% to 4.1% in 2023.
Conclusion
Considering all these factors, Bullitt County, Kentucky has an overall wealth index grade of B, making it somewhat better than Kentucky, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bullitt County, Kentucky.
How Rich Is Bullitt County, Kentucky?
Bullitt 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 $79,413, about 26% higher than the Kentucky average of $62,784.
What is the current median household income in Bullitt County, Kentucky?
As of 2023, the median household income in Bullitt County, Kentucky is $79,413.
What was the median household income in Bullitt County in 2023?
In 2023, the median household income in Bullitt County, Kentucky was $79,413.
What was the median household income in Bullitt County in 2020?
In 2020, the median household income in Bullitt County, Kentucky was $65,657.
What is the Gini coefficient in Bullitt County, Kentucky?
The Gini coefficient in Bullitt County is 0.504. 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 Bullitt County, Kentucky?
Since 2009, the income gap between men and women in Bullitt County, Kentucky has widened from about 22% to 23% in 2023. In dollar terms, the gap has widened by $5,425 since 2009.