Elliott County, Kentucky Income Statistics
Elliott 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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F
Elliott County Well below averageLeast wealthy county in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Elliott County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $45,833 | $64,312 | $80,455 |
| Median Personal Income | $42,320 | $52,849 | $60,758 |
| Average Yearly Income Growth | 6.5% | 4.6% | 4.8% |
| Six-Figure Earners | 4.6% | 8.9% | 13.9% |
| $200k+ Households | 1.6% | 7.2% | 13.2% |
The median household income in Elliott County is about 29% lower than in Kentucky. Income has been growing faster in Elliott County (6.5%/yr) than in Kentucky (4.6%/yr).
About 5% of adults in Elliott 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 Elliott County, Kentucky grew by 88.8% from 2009 to 2024, reaching $45,833 in 2024. That's an average of about 6.5% per year.
Income Inequality and the Gender Pay Gap in Elliott County
| Metric | Elliott County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.650 | 0.547 | 0.552 |
| Male Median Income | $57,499 | $60,966 | $69,667 |
| Female Median Income | $41,092 | $49,119 | $56,850 |
| Gender Pay Gap | 28.5% | 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 Elliott County, it is 0.650, 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 Elliott County, Kentucky. Over a 35-year career, a 40% wage gap accumulates to roughly $574,245 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Elliott County, Kentucky has widened from about 23% to 29% in 2024. Over that period the gap was widest at 42% in 2022, and in 2013 women out-earned men by 9%. In dollar terms, the gap has widened by $8,917 since 2009.
Sharply against the trend: the pay gap in Elliott County widened by 5.1 points while Kentucky's narrowed by 5.2 points.
Employment
| Metric | Elliott County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 4.8% | 5.2% |
| Working from Home | 7.3% | 10.2% | 15.0% |
| Commute time (minutes) | 31 | 20 | 22 |
Approximately 144 people are unemployed in Elliott County, Kentucky.
The average commute time in Elliott County is 31 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Elliott County, Kentucky has fallen from 12.3% to 6.5% in 2024. Over that period the rate peaked at 14.7% in 2012 and fell as low as 1.6% in 2019.
Elliott County, KY Wealth Compared With Nearby Counties
Elliott County, KY is the smallest of the 6 counties compared here, 7,307 residents against a local median of 22,334. Elliott County, KY's unemployment, at 6.5%, runs 54% above the 4.2% typical of the counties around it. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 6.5%/yr against a local median of 4.4%/yr, 50% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Elliott County, KY is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 4.7% on unemployment, so Elliott County, KY sits at one end of an already wide local range rather than apart from it. Elliott County, KY has the 5th lowest unemployment 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. |
|---|---|---|---|---|---|
| Elliott County, KY | 7,307 | $45,833 #5/6 | 6.5%/yr #1/6 | 6.5% #5/6 | 0.650 #6/6 |
| Carter County, KY | 26,341 | $51,424 | 4.4%/yr | 5.3% | 0.579 |
| Morgan County, KY | 14,053 | $48,527 | 5.0%/yr | 3.1% | 0.604 |
| Rowan County, KY | 24,578 | $55,857 | 5.5%/yr | 4.1% | 0.585 |
| Lawrence County, KY | 16,077 | $47,137 | 4.0%/yr | 7.7% | 0.552 |
| Johnson County, KY | 22,334 | $44,929 | 3.2%/yr | 4.2% | 0.560 |
Conclusion
Considering all these factors, Elliott County, Kentucky has an overall wealth index grade of F, making it worse than Kentucky, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Elliott County, Kentucky.
How Wealthy Is Elliott County, Kentucky?
Elliott County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $45,833, about 29% lower than the Kentucky average of $64,312.
How fast is household income rising in Elliott County, Kentucky?
Between 2009 and 2024, the median household income in Elliott County, Kentucky rose 89%, from $24,275 to $45,833. Over the same years, income here outpaced Kentucky as a whole: +89% against +56%.
What was the median household income in Elliott County in 2023?
In 2023, the median household income in Elliott County, Kentucky was $40,110, up 2% from $39,196 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Elliott County in 2020?
In 2020, the median household income in Elliott County, Kentucky was $37,879. By 2024 it had risen 21% to $45,833.
Is it hard to find a job in Elliott County, Kentucky?
Unemployment in Elliott County, Kentucky is 6.5%, well above the Kentucky rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Elliott County, Kentucky?
The Gini coefficient in Elliott County is 0.650. 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 Elliott County, Kentucky?
Since 2009, the income gap between men and women in Elliott County, Kentucky has widened from about 23% to 29% in 2024. Over that period the gap was widest at 42% in 2022, and in 2013 women out-earned men by 9%. In dollar terms, the gap has widened by $8,917 since 2009.
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