Gallatin County, Kentucky Income Statistics
Gallatin 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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C
Gallatin County Below averageWealthier than 71% of counties in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Gallatin County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,030 | $64,312 | $80,455 |
| Median Personal Income | $49,206 | $52,849 | $60,758 |
| Average Yearly Income Growth | 3.0% | 4.6% | 4.8% |
| Six-Figure Earners | 7.7% | 8.9% | 13.9% |
| $200k+ Households | 3.9% | 7.2% | 13.2% |
The median household income in Gallatin County is about 1% higher than in Kentucky. Income has been growing slower in Gallatin County (3.0%/yr) than in Kentucky (4.6%/yr).
About 8% of adults in Gallatin 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 Gallatin County, Kentucky grew by 60.2% from 2009 to 2024, reaching $65,030 in 2024. That's an average of about 3.0% per year.
Income Inequality and the Gender Pay Gap in Gallatin County
| Metric | Gallatin County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.547 | 0.552 |
| Male Median Income | $54,582 | $60,966 | $69,667 |
| Female Median Income | $50,630 | $49,119 | $56,850 |
| Gender Pay Gap | 7.2% | 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 Gallatin County, it is 0.545, about the same as Kentucky's 0.547, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 8% more than women's income in Gallatin County, Kentucky. Over a 35-year career, a 8% wage gap accumulates to roughly $138,320 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Gallatin County, Kentucky has widened from about 0% to 7% in 2024. Over that period the gap was widest at 37% in 2019. In dollar terms, the gap has widened by $3,904 since 2009.
Sharply against the trend: the pay gap in Gallatin County widened by 7.1 points while Kentucky's narrowed by 5.2 points.
Employment
| Metric | Gallatin County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 4.8% | 5.2% |
| Working from Home | 4.5% | 10.2% | 15.0% |
| Commute time (minutes) | 30 | 20 | 22 |
Approximately 197 people are unemployed in Gallatin County, Kentucky.
The average commute time in Gallatin County is 30 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Gallatin County, Kentucky has fallen from 11.5% to 4.6% in 2024. Over that period the rate fell as low as 3.5% in 2023.
Gallatin County, KY Wealth Compared With Nearby Counties
Gallatin County, KY is the 5th largest of the 6 counties compared here, 8,769 residents against a local median of 11,330. The measure that sets Gallatin County, KY apart most is income growth: 3.0%/yr, 42% below the local median of 5.3%/yr. That is the weaker end of the local range on this measure.
The counties themselves spread 2.4%/yr on income growth, so Gallatin County, KY sits at one end of an already wide local range rather than apart from it. Gallatin County, KY has the 6th highest income growth 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. |
|---|---|---|---|---|---|
| Gallatin County, KY | 8,769 | $65,030 #5/6 | 3.0%/yr #6/6 | 4.6% #4/6 | 0.545 #6/6 |
| Switzerland County, IN | 9,908 | $67,634 | 5.8%/yr | 4.2% | 0.538 |
| Ohio County, IN | 5,998 | $70,588 | 3.4%/yr | 1.3% | 0.504 |
| Owen County, KY | 11,330 | $63,403 | 5.3%/yr | 7.0% | 0.536 |
| Boone County, KY | 139,822 | $99,828 | 4.6%/yr | 3.1% | 0.521 |
| Grant County, KY | 25,418 | $68,253 | 5.6%/yr | 4.9% | 0.498 |
Conclusion
Considering all these factors, Gallatin County, 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 Gallatin County, Kentucky.
How Rich Is Gallatin County, Kentucky?
Gallatin County 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 $65,030, about 1% higher than the Kentucky average of $64,312.
Are incomes growing in Gallatin County, Kentucky?
Between 2009 and 2024, the median household income in Gallatin County, Kentucky rose 60%, from $40,581 to $65,030. Over the same years, income here outpaced Kentucky as a whole: +60% against +56%.
What was the median household income in Gallatin County in 2023?
In 2023, the median household income in Gallatin County, Kentucky was $62,934, up 8% from $58,140 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Gallatin County in 2020?
In 2020, the median household income in Gallatin County, Kentucky was $54,209. By 2024 it had risen 20% to $65,030.
What is the Gini coefficient in Gallatin County, Kentucky?
The Gini coefficient in Gallatin County is 0.545. 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 Gallatin County, Kentucky?
Since 2009, the income gap between men and women in Gallatin County, Kentucky has widened from about 0% to 7% in 2024. Over that period the gap was widest at 37% in 2019. In dollar terms, the gap has widened by $3,904 since 2009.
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