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 | Harrison County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,073 | $62,784 | $78,145 |
| Median Personal Income | $53,790 | $53,643 | $61,726 |
| Average income growth | 7.0% | 4.9% | 5.1% |
| Six-Figure Earners | 5.9% | 8.4% | 13.2% |
The median household income in Harrison County is about 2% higher than in Kentucky. Income has been growing faster in Harrison County (7.0%/yr) than in Kentucky (4.9%/yr).
About 6% of adults in Harrison 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 Harrison County, Kentucky grew by 60.6% from 2009 to 2023, reaching $64,073 in 2023. That's an average of about 7.0% per year.
Economic Inequality in Harrison County | Gender Pay Gap | Gini Coefficient
| Metric | Harrison County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.539 | 0.554 | 0.570 |
| Male Median Income | $60,693 | $59,736 | $67,746 |
| Female Median Income | $47,170 | $47,402 | $54,793 |
| Gender Pay Gap | 22.3% | 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 Harrison County, it is 0.539, 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 29% more than women's income in Harrison County, Kentucky. Over a 35-year career, a 29% wage gap accumulates to roughly $473,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Harrison County, Kentucky has widened from about 21% to 22% in 2023. In dollar terms, the gap has widened by $4,776 since 2009.
Employment
| Metric | Harrison County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 4.8% | 5.2% |
| Working from Home | 5.1% | 9.1% | 13.4% |
| Commute time (minutes) | 23 | 20 | 22 |
Approximately 253 people are unemployed in Harrison County, Kentucky.
The average commute time in Harrison County is 23 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Harrison County, Kentucky has fallen from 9.7% to 2.9% in 2023.
Conclusion
Considering all these factors, Harrison 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 Harrison County, Kentucky.
How Rich Is Harrison County, Kentucky?
Harrison 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 $64,073, about 2% higher than the Kentucky average of $62,784.
What is the current median household income in Harrison County, Kentucky?
As of 2023, the median household income in Harrison County, Kentucky is $64,073.
What was the median household income in Harrison County in 2023?
In 2023, the median household income in Harrison County, Kentucky was $64,073.
What was the median household income in Harrison County in 2020?
In 2020, the median household income in Harrison County, Kentucky was $50,356.
What is the Gini coefficient in Harrison County, Kentucky?
The Gini coefficient in Harrison County is 0.539. 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 Harrison County, Kentucky?
Since 2009, the income gap between men and women in Harrison County, Kentucky has widened from about 21% to 22% in 2023. In dollar terms, the gap has widened by $4,776 since 2009.