Georgetown, Kentucky Income Statistics
Georgetown 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.
-
C
Georgetown Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Georgetown | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,162 | $64,312 | $80,455 |
| Median Personal Income | $53,672 | $52,849 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.6% | 4.8% |
| Six-Figure Earners | 9.1% | 8.9% | 13.9% |
| $200k+ Households | 6.6% | 7.2% | 13.2% |
The median household income in Georgetown is about 9% higher than in Kentucky. Income has been growing faster in Georgetown (4.8%/yr) than in Kentucky (4.6%/yr).
About 9% of adults in Georgetown 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 Georgetown, Kentucky grew by 58.1% from 2009 to 2024, reaching $70,162 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Georgetown
| Metric | Georgetown | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.547 | 0.552 |
| Male Median Income | $61,748 | $60,966 | $69,667 |
| Female Median Income | $49,832 | $49,119 | $56,850 |
| Gender Pay Gap | 19.3% | 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 Georgetown, it is 0.534, 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 24% more than women's income in Georgetown, Kentucky. Over a 35-year career, a 24% wage gap accumulates to roughly $417,060 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Georgetown, Kentucky has narrowed from about 26% to 19% in 2024. Over that period the gap was widest at 33% in 2020, and was narrowest at 14% in 2013. In dollar terms, the gap has narrowed by $179 since 2009.
Employment
| Metric | Georgetown | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.8% | 5.2% |
| Working from Home | 11.1% | 10.2% | 15.0% |
| Commute time (minutes) | 17 | 20 | 22 |
Approximately 585 people are unemployed in Georgetown, Kentucky.
The average commute time in Georgetown is 17 minutes, shorter than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Georgetown, Kentucky has fallen from 11.8% to 5.2% in 2024. Over that period the rate peaked at 12.2% in 2012 and fell as low as 3.7% in 2021.
Georgetown, KY Wealth Compared With Nearby Cities
How Georgetown, KY compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Georgetown, KY | 21,981 | $70,162 #2/2 | 4.8%/yr #1/2 | 5.2% #2/2 | 0.534 #1/2 |
| Lexington-Fayette, KY | 323,723 | $70,277 | 4.2%/yr | 4.8% | 0.544 |
Conclusion
Considering all these factors, Georgetown, 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 Georgetown, Kentucky.
How Rich Is Georgetown, Kentucky?
Georgetown 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 $70,162, about 9% higher than the Kentucky average of $64,312.
How fast is household income rising in Georgetown, Kentucky?
Between 2009 and 2024, the median household income in Georgetown, Kentucky rose 58%, from $44,375 to $70,162. Over the same years, income here outpaced Kentucky as a whole: +58% against +56%.
What was the median household income in Georgetown in 2023?
In 2023, the median household income in Georgetown, Kentucky was $71,037, up 5% from $67,471 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Georgetown in 2020?
In 2020, the median household income in Georgetown, Kentucky was $60,018. By 2024 it had risen 17% to $70,162.
What is the Gini coefficient in Georgetown, Kentucky?
The Gini coefficient in Georgetown is 0.534. 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 Georgetown, Kentucky?
Since 2009, the income gap between men and women in Georgetown, Kentucky has narrowed from about 26% to 19% in 2024. Over that period the gap was widest at 33% in 2020, and was narrowest at 14% in 2013. In dollar terms, the gap has narrowed by $179 since 2009.
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