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 | Fleming County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,785 | $62,784 | $78,145 |
| Median Personal Income | $44,864 | $53,643 | $61,726 |
| Average income growth | 4.9% | 4.9% | 5.1% |
| Six-Figure Earners | 4.2% | 8.4% | 13.2% |
The median household income in Fleming County is about 21% lower than in Kentucky. Income has been growing faster in Fleming County (4.9%/yr) than in Kentucky (4.9%/yr).
About 4% of adults in Fleming 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 Fleming County, Kentucky grew by 63.7% from 2009 to 2023, reaching $49,785 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Fleming County | Gender Pay Gap | Gini Coefficient
| Metric | Fleming County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.538 | 0.554 | 0.570 |
| Male Median Income | $51,390 | $59,736 | $67,746 |
| Female Median Income | $35,729 | $47,402 | $54,793 |
| Gender Pay Gap | 30.5% | 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 Fleming County, it is 0.538, 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 44% more than women's income in Fleming County, Kentucky. Over a 35-year career, a 44% wage gap accumulates to roughly $548,135 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fleming County, Kentucky has widened from about 18% to 30% in 2023. In dollar terms, the gap has widened by $9,588 since 2009.
Employment
| Metric | Fleming County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 4.8% | 5.2% |
| Working from Home | 5.2% | 9.1% | 13.4% |
| Commute time (minutes) | 23 | 20 | 22 |
Approximately 448 people are unemployed in Fleming County, Kentucky.
The average commute time in Fleming County is 23 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fleming County, Kentucky has fallen from 9.2% to 6.9% in 2023.
Conclusion
Considering all these factors, Fleming 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 Fleming County, Kentucky.
How Rich Is Fleming County, Kentucky?
Fleming 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 $49,785, about 21% lower than the Kentucky average of $62,784.
What is the current median household income in Fleming County, Kentucky?
As of 2023, the median household income in Fleming County, Kentucky is $49,785.
What was the median household income in Fleming County in 2023?
In 2023, the median household income in Fleming County, Kentucky was $49,785.
What was the median household income in Fleming County in 2020?
In 2020, the median household income in Fleming County, Kentucky was $42,658.
What is the Gini coefficient in Fleming County, Kentucky?
The Gini coefficient in Fleming County is 0.538. 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 Fleming County, Kentucky?
Since 2009, the income gap between men and women in Fleming County, Kentucky has widened from about 18% to 30% in 2023. In dollar terms, the gap has widened by $9,588 since 2009.