Elizabethtown, Kentucky Income Statistics
Elizabethtown Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Elizabethtown Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Elizabethtown | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,242 | $64,312 | $80,455 |
| Median Personal Income | $49,979 | $52,849 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.6% | 4.8% |
| Six-Figure Earners | 8.7% | 8.9% | 13.9% |
| $200k+ Households | 6.3% | 7.2% | 13.2% |
The median household income in Elizabethtown is about 6% lower than in Kentucky. Income has been growing slower in Elizabethtown (4.2%/yr) than in Kentucky (4.6%/yr).
About 9% of adults in Elizabethtown earn six figures ($100,000 or more) a year, about the same as the Kentucky average of 9%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Elizabethtown, Kentucky grew by 45.4% from 2009 to 2024, reaching $60,242 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Elizabethtown
| Metric | Elizabethtown | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.547 | 0.552 |
| Male Median Income | $54,129 | $60,966 | $69,667 |
| Female Median Income | $48,368 | $49,119 | $56,850 |
| Gender Pay Gap | 10.6% | 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 Elizabethtown, it is 0.536, lower than Kentucky's 0.547, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 12% more than women's income in Elizabethtown, Kentucky. Over a 35-year career, a 12% wage gap accumulates to roughly $201,635 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Elizabethtown, Kentucky has narrowed from about 38% to 11% in 2024. Over that period the gap was narrowest at 5% in 2023. In dollar terms, the gap has narrowed by $12,044 since 2009.
Employment
| Metric | Elizabethtown | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.8% | 5.2% |
| Working from Home | 7.0% | 10.2% | 15.0% |
| Commute time (minutes) | 15 | 20 | 22 |
Approximately 730 people are unemployed in Elizabethtown, Kentucky.
The average commute time in Elizabethtown is 15 minutes, shorter than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Elizabethtown, Kentucky has fallen from 8.0% to 5.2% in 2024. Over that period the rate peaked at 9.3% in 2013 and fell as low as 4.0% in 2017.
Conclusion
Considering all these factors, Elizabethtown, 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 Elizabethtown, Kentucky.
How Wealthy Is Elizabethtown, Kentucky?
Elizabethtown 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 $60,242, about 6% lower than the Kentucky average of $64,312.
How fast is household income rising in Elizabethtown, Kentucky?
Between 2009 and 2024, the median household income in Elizabethtown, Kentucky rose 45%, from $41,443 to $60,242. Over the same years, income here lagged behind Kentucky as a whole: +45% against +56%.
What was the median household income in Elizabethtown in 2023?
In 2023, the median household income in Elizabethtown, Kentucky was $56,840, up 5% from $54,312 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Elizabethtown in 2020?
In 2020, the median household income in Elizabethtown, Kentucky was $45,316. By 2024 it had risen 33% to $60,242.
What is the Gini coefficient in Elizabethtown, Kentucky?
The Gini coefficient in Elizabethtown is 0.536. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Elizabethtown, Kentucky?
Since 2009, the income gap between men and women in Elizabethtown, Kentucky has narrowed from about 38% to 11% in 2024. Over that period the gap was narrowest at 5% in 2023. In dollar terms, the gap has narrowed by $12,044 since 2009.
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