Wealth Index
Wealthier than 74% of counties in Kentucky
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 | Greenup County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,331 | $62,784 | $78,145 |
| Median Personal Income | $56,215 | $53,643 | $61,726 |
| Average income growth | 3.5% | 4.9% | 5.1% |
| Six-Figure Earners | 6.2% | 8.4% | 13.2% |
The median household income in Greenup County is about 6% lower than in Kentucky. Income has been growing slower in Greenup County (3.5%/yr) than in Kentucky (4.9%/yr).
About 6% of adults in Greenup 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 Greenup County, Kentucky grew by 48.4% from 2009 to 2023, reaching $59,331 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Greenup County | Gender Pay Gap | Gini Coefficient
| Metric | Greenup County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.560 | 0.554 | 0.570 |
| Male Median Income | $61,602 | $59,736 | $67,746 |
| Female Median Income | $48,777 | $47,402 | $54,793 |
| Gender Pay Gap | 20.8% | 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 Greenup County, it is 0.560, higher than Kentucky's 0.554, so income is less 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 26% more than women's income in Greenup County, Kentucky. Over a 35-year career, a 26% wage gap accumulates to roughly $448,875 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Greenup County, Kentucky has narrowed from about 34% to 21% in 2023. In dollar terms, the gap has narrowed by $2,407 since 2009.
Employment
| Metric | Greenup County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 4.8% | 5.2% |
| Working from Home | 4.8% | 9.1% | 13.4% |
| Commute time (minutes) | 21 | 20 | 22 |
Approximately 832 people are unemployed in Greenup County, Kentucky.
The average commute time in Greenup County is 21 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Greenup County, Kentucky has fallen from 9.1% to 5.8% in 2023.
Conclusion
Considering all these factors, Greenup 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 Greenup County, Kentucky.
How Rich Is Greenup County, Kentucky?
Greenup 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 $59,331, about 6% lower than the Kentucky average of $62,784.
What is the current median household income in Greenup County, Kentucky?
As of 2023, the median household income in Greenup County, Kentucky is $59,331.
What was the median household income in Greenup County in 2023?
In 2023, the median household income in Greenup County, Kentucky was $59,331.
What was the median household income in Greenup County in 2020?
In 2020, the median household income in Greenup County, Kentucky was $52,712.
What is the Gini coefficient in Greenup County, Kentucky?
The Gini coefficient in Greenup County is 0.560. 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 Greenup County, Kentucky?
Since 2009, the income gap between men and women in Greenup County, Kentucky has narrowed from about 34% to 21% in 2023. In dollar terms, the gap has narrowed by $2,407 since 2009.