Wealth Index
Wealthier than 84% 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 | Jessamine County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,877 | $62,784 | $78,145 |
| Median Personal Income | $53,487 | $53,643 | $61,726 |
| Average income growth | 5.1% | 4.9% | 5.1% |
| Six-Figure Earners | 9.7% | 8.4% | 13.2% |
The median household income in Jessamine County is about 19% higher than in Kentucky. Income has been growing faster in Jessamine County (5.1%/yr) than in Kentucky (4.9%/yr).
About 10% of adults in Jessamine County earn six figures ($100,000 or more) a year, higher than the Kentucky average of 8%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Jessamine County, Kentucky grew by 54.2% from 2009 to 2023, reaching $74,877 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Jessamine County | Gender Pay Gap | Gini Coefficient
| Metric | Jessamine County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.570 | 0.554 | 0.570 |
| Male Median Income | $60,925 | $59,736 | $67,746 |
| Female Median Income | $46,926 | $47,402 | $54,793 |
| Gender Pay Gap | 23.0% | 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 Jessamine County, it is 0.570, higher than Kentucky's 0.554, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 30% more than women's income in Jessamine County, Kentucky. Over a 35-year career, a 30% wage gap accumulates to roughly $489,965 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jessamine County, Kentucky has narrowed from about 26% to 23% in 2023. In dollar terms, the gap has widened by $2,761 since 2009.
Employment
| Metric | Jessamine County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.8% | 5.2% |
| Working from Home | 10.3% | 9.1% | 13.4% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 850 people are unemployed in Jessamine County, Kentucky.
The average commute time in Jessamine County is 22 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jessamine County, Kentucky has fallen from 7.8% to 3.2% in 2023.
Conclusion
Considering all these factors, Jessamine 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 Jessamine County, Kentucky.
How Rich Is Jessamine County, Kentucky?
Jessamine 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 $74,877, about 19% higher than the Kentucky average of $62,784.
What is the current median household income in Jessamine County, Kentucky?
As of 2023, the median household income in Jessamine County, Kentucky is $74,877.
What was the median household income in Jessamine County in 2023?
In 2023, the median household income in Jessamine County, Kentucky was $74,877.
What was the median household income in Jessamine County in 2020?
In 2020, the median household income in Jessamine County, Kentucky was $65,650.
What is the Gini coefficient in Jessamine County, Kentucky?
The Gini coefficient in Jessamine County is 0.570. 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 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Jessamine County, Kentucky?
Since 2009, the income gap between men and women in Jessamine County, Kentucky has narrowed from about 26% to 23% in 2023. In dollar terms, the gap has widened by $2,761 since 2009.