Garrard County, Kentucky Income Statistics
Garrard 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
Garrard County Below averageWealthier than 79% of counties in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Garrard County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,823 | $64,312 | $80,455 |
| Median Personal Income | $49,283 | $52,849 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.6% | 4.8% |
| Six-Figure Earners | 6.4% | 8.9% | 13.9% |
| $200k+ Households | 3.5% | 7.2% | 13.2% |
The median household income in Garrard County is about 2% lower than in Kentucky. Income has been growing slower in Garrard County (3.9%/yr) than in Kentucky (4.6%/yr).
About 6% of adults in Garrard 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 Garrard County, Kentucky grew by 68.2% from 2009 to 2024, reaching $62,823 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Garrard County
| Metric | Garrard County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.547 | 0.552 |
| Male Median Income | $57,049 | $60,966 | $69,667 |
| Female Median Income | $45,837 | $49,119 | $56,850 |
| Gender Pay Gap | 19.7% | 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 Garrard County, it is 0.552, about the same as Kentucky's 0.547, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 24% more than women's income in Garrard County, Kentucky. Over a 35-year career, a 24% wage gap accumulates to roughly $392,420 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Garrard County, Kentucky has widened from about 16% to 20% in 2024. Over that period the gap was widest at 28% in 2016, and was narrowest at 4% in 2021. In dollar terms, the gap has widened by $5,452 since 2009.
Sharply against the trend: the pay gap in Garrard County widened by 4.0 points while Kentucky's narrowed by 5.2 points.
Employment
| Metric | Garrard County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.8% | 5.2% |
| Working from Home | 11.0% | 10.2% | 15.0% |
| Commute time (minutes) | 30 | 20 | 22 |
Approximately 401 people are unemployed in Garrard County, Kentucky.
The average commute time in Garrard County is 30 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Garrard County, Kentucky has fallen from 12.6% to 5.1% in 2024. Over that period the rate fell as low as 4.1% in 2021.
Garrard County, KY Wealth Compared With Nearby Counties
Garrard County, KY is the 5th largest of the 6 counties compared here, 17,568 residents against a local median of 30,941. Where Garrard County, KY breaks from the counties next to it is income growth, sitting 22% below the local median of 5.0%/yr at 3.9%/yr. That is the weaker end of the local range on this measure.
The counties themselves spread 0.9%/yr on income growth, so Garrard County, KY sits at one end of an already wide local range rather than apart from it. Garrard 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. |
|---|---|---|---|---|---|
| Garrard County, KY | 17,568 | $62,823 #3/6 | 3.9%/yr #6/6 | 5.1% #4/6 | 0.552 #4/6 |
| Lincoln County, KY | 24,512 | $52,661 | 5.2%/yr | 6.5% | 0.530 |
| Jessamine County, KY | 54,588 | $74,512 | 4.4%/yr | 3.1% | 0.536 |
| Madison County, KY | 95,769 | $64,757 | 4.9%/yr | 5.1% | 0.546 |
| Boyle County, KY | 30,941 | $61,212 | 5.3%/yr | 5.8% | 0.554 |
| Rockcastle County, KY | 16,158 | $49,228 | 5.0%/yr | 4.6% | 0.566 |
Conclusion
Considering all these factors, Garrard County, Kentucky has an overall wealth index grade of C, making it somewhat better than Kentucky, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Garrard County, Kentucky.
How Rich Is Garrard County, Kentucky?
Garrard 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 $62,823, about 2% lower than the Kentucky average of $64,312.
Are incomes growing in Garrard County, Kentucky?
Between 2009 and 2024, the median household income in Garrard County, Kentucky rose 68%, from $37,359 to $62,823. Over the same years, income here outpaced Kentucky as a whole: +68% against +56%.
What was the median household income in Garrard County in 2023?
In 2023, the median household income in Garrard County, Kentucky was $61,741, up 5% from $58,994 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Garrard County in 2020?
In 2020, the median household income in Garrard County, Kentucky was $54,913. By 2024 it had risen 14% to $62,823.
What is the Gini coefficient in Garrard County, Kentucky?
The Gini coefficient in Garrard County is 0.552. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Garrard County, Kentucky?
Since 2009, the income gap between men and women in Garrard County, Kentucky has widened from about 16% to 20% in 2024. Over that period the gap was widest at 28% in 2016, and was narrowest at 4% in 2021. In dollar terms, the gap has widened by $5,452 since 2009.
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