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 | Crittenden County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,156 | $62,784 | $78,145 |
| Median Personal Income | $51,478 | $53,643 | $61,726 |
| Average income growth | 3.2% | 4.9% | 5.1% |
| Six-Figure Earners | 5.1% | 8.4% | 13.2% |
The median household income in Crittenden County is about 23% lower than in Kentucky. Income has been growing slower in Crittenden County (3.2%/yr) than in Kentucky (4.9%/yr).
About 5% of adults in Crittenden 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 Crittenden County, Kentucky grew by 39.7% from 2009 to 2023, reaching $48,156 in 2023. That's an average of about 3.2% per year.
Economic Inequality in Crittenden County | Gender Pay Gap | Gini Coefficient
| Metric | Crittenden County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.554 | 0.570 |
| Male Median Income | $63,397 | $59,736 | $67,746 |
| Female Median Income | $37,379 | $47,402 | $54,793 |
| Gender Pay Gap | 41.0% | 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 Crittenden County, it is 0.533, 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 70% more than women's income in Crittenden County, Kentucky. Over a 35-year career, a 70% wage gap accumulates to roughly $910,630 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Crittenden County, Kentucky has widened from about 27% to 41% in 2023. In dollar terms, the gap has widened by $15,199 since 2009.
Employment
| Metric | Crittenden County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.8% | 5.2% |
| Working from Home | 4.9% | 9.1% | 13.4% |
| Commute time (minutes) | 21 | 20 | 22 |
Approximately 122 people are unemployed in Crittenden County, Kentucky.
The average commute time in Crittenden County is 21 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Crittenden County, Kentucky has fallen from 8.2% to 3.4% in 2023.
Conclusion
Considering all these factors, Crittenden 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 Crittenden County, Kentucky.
How Rich Is Crittenden County, Kentucky?
Crittenden 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 $48,156, about 23% lower than the Kentucky average of $62,784.
What is the current median household income in Crittenden County, Kentucky?
As of 2023, the median household income in Crittenden County, Kentucky is $48,156.
What was the median household income in Crittenden County in 2023?
In 2023, the median household income in Crittenden County, Kentucky was $48,156.
What was the median household income in Crittenden County in 2020?
In 2020, the median household income in Crittenden County, Kentucky was $46,121.
What is the Gini coefficient in Crittenden County, Kentucky?
The Gini coefficient in Crittenden County is 0.533. 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 Crittenden County, Kentucky?
Since 2009, the income gap between men and women in Crittenden County, Kentucky has widened from about 27% to 41% in 2023. In dollar terms, the gap has widened by $15,199 since 2009.