Henry County, Kentucky Income Statistics
Henry 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.
-
C
Henry County Below averageWealthier than 70% of counties in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Henry County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,064 | $64,312 | $80,455 |
| Median Personal Income | $48,158 | $52,849 | $60,758 |
| Average Yearly Income Growth | 3.1% | 4.6% | 4.8% |
| Six-Figure Earners | 5.7% | 8.9% | 13.9% |
| $200k+ Households | 4.9% | 7.2% | 13.2% |
The median household income in Henry County is about the same as in Kentucky. Income has been growing slower in Henry County (3.1%/yr) than in Kentucky (4.6%/yr).
About 6% of adults in Henry 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 Henry County, Kentucky grew by 46.8% from 2009 to 2024, reaching $64,064 in 2024. That's an average of about 3.1% per year.
Income Inequality and the Gender Pay Gap in Henry County
| Metric | Henry County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.547 | 0.552 |
| Male Median Income | $54,325 | $60,966 | $69,667 |
| Female Median Income | $48,366 | $49,119 | $56,850 |
| Gender Pay Gap | 11.0% | 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 Henry County, it is 0.531, 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 12% more than women's income in Henry County, Kentucky. Over a 35-year career, a 12% wage gap accumulates to roughly $208,565 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Henry County, Kentucky has narrowed from about 19% to 11% in 2024. Over that period the gap was widest at 26% in 2018, and was narrowest at 6% in 2023. In dollar terms, the gap has narrowed by $1,702 since 2009.
Employment
| Metric | Henry County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.8% | 5.2% |
| Working from Home | 8.7% | 10.2% | 15.0% |
| Commute time (minutes) | 28 | 20 | 22 |
Approximately 360 people are unemployed in Henry County, Kentucky.
The average commute time in Henry County is 28 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Henry County, Kentucky has fallen from 8.8% to 5.0% in 2024. Over that period the rate peaked at 8.8% in 2012 and fell as low as 3.9% in 2023.
Henry County, KY Wealth Compared With Nearby Counties
Henry County, KY is the 3rd largest of the 6 counties compared here, 15,856 residents against a local median of 11,330. Henry County, KY's income growth, at 3.1%/yr, runs 25% below the 4.2%/yr typical of the counties around it. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 5.0% against a local median of 6.1%, 18% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Henry County, KY is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 1.8%/yr on income growth, so Henry County, KY sits at one end of an already wide local range rather than apart from it. Henry 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. |
|---|---|---|---|---|---|
| Henry County, KY | 15,856 | $64,064 #4/6 | 3.1%/yr #6/6 | 5.0% #2/6 | 0.531 #3/6 |
| Carroll County, KY | 10,949 | $57,580 | 4.0%/yr | 6.1% | 0.583 |
| Shelby County, KY | 49,096 | $86,215 | 4.2%/yr | 4.2% | 0.534 |
| Trimble County, KY | 8,550 | $68,622 | 5.3%/yr | 6.2% | 0.518 |
| Owen County, KY | 11,330 | $63,403 | 5.3%/yr | 7.0% | 0.536 |
| Franklin County, KY | 51,842 | $67,514 | 3.5%/yr | 5.9% | 0.504 |
Conclusion
Considering all these factors, Henry 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 Henry County, Kentucky.
How Rich Is Henry County, Kentucky?
Henry 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 $64,064, close to the Kentucky average of $64,312.
How fast is household income rising in Henry County, Kentucky?
Between 2009 and 2024, the median household income in Henry County, Kentucky rose 47%, from $43,655 to $64,064. Over the same years, income here lagged behind Kentucky as a whole: +47% against +56%.
What was the median household income in Henry County in 2023?
In 2023, the median household income in Henry County, Kentucky was $60,527, up 3% from $58,823 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Henry County in 2020?
In 2020, the median household income in Henry County, Kentucky was $51,446. By 2024 it had risen 25% to $64,064.
What is the Gini coefficient in Henry County, Kentucky?
The Gini coefficient in Henry County is 0.531. 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 Henry County, Kentucky?
Since 2009, the income gap between men and women in Henry County, Kentucky has narrowed from about 19% to 11% in 2024. Over that period the gap was widest at 26% in 2018, and was narrowest at 6% in 2023. In dollar terms, the gap has narrowed by $1,702 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →