Wealth Index
Less wealthy than 76% 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 | Casey County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $41,669 | $62,784 | $78,145 |
| Median Personal Income | $40,884 | $53,643 | $61,726 |
| Average income growth | 3.8% | 4.9% | 5.1% |
| Six-Figure Earners | 3.8% | 8.4% | 13.2% |
The median household income in Casey County is about 34% lower than in Kentucky. Income has been growing slower in Casey County (3.8%/yr) than in Kentucky (4.9%/yr).
About 4% of adults in Casey 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 Casey County, Kentucky grew by 58.0% from 2009 to 2023, reaching $41,669 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Casey County | Gender Pay Gap | Gini Coefficient
| Metric | Casey County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.565 | 0.554 | 0.570 |
| Male Median Income | $44,575 | $59,736 | $67,746 |
| Female Median Income | $35,354 | $47,402 | $54,793 |
| Gender Pay Gap | 20.7% | 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 Casey County, it is 0.565, higher than Kentucky's 0.554, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 26% more than women's income in Casey County, Kentucky. Over a 35-year career, a 26% wage gap accumulates to roughly $322,735 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Casey County, Kentucky has narrowed from about 34% to 21% in 2023. In dollar terms, the gap has narrowed by $1,733 since 2009.
Employment
| Metric | Casey County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.9% | 4.8% | 5.2% |
| Working from Home | 6.8% | 9.1% | 13.4% |
| Commute time (minutes) | 23 | 20 | 22 |
Approximately 539 people are unemployed in Casey County, Kentucky.
The average commute time in Casey County is 23 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Casey County, Kentucky has risen from 6.9% to 8.9% in 2023.
Conclusion
Considering all these factors, Casey County, Kentucky has an overall wealth index grade of D, making it somewhat worse than Kentucky, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Casey County, Kentucky.
How Rich Is Casey County, Kentucky?
Casey 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 $41,669, about 34% lower than the Kentucky average of $62,784.
What is the current median household income in Casey County, Kentucky?
As of 2023, the median household income in Casey County, Kentucky is $41,669.
What was the median household income in Casey County in 2023?
In 2023, the median household income in Casey County, Kentucky was $41,669.
What was the median household income in Casey County in 2020?
In 2020, the median household income in Casey County, Kentucky was $32,132.
What is the Gini coefficient in Casey County, Kentucky?
The Gini coefficient in Casey County is 0.565. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Casey County, Kentucky?
Since 2009, the income gap between men and women in Casey County, Kentucky has narrowed from about 34% to 21% in 2023. In dollar terms, the gap has narrowed by $1,733 since 2009.