Wealth Index
Less wealthy than 95% 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 | Lee County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $33,917 | $62,784 | $78,145 |
| Median Personal Income | $41,906 | $53,643 | $61,726 |
| Average income growth | 6.9% | 4.9% | 5.1% |
| Six-Figure Earners | 1.9% | 8.4% | 13.2% |
The median household income in Lee County is about 46% lower than in Kentucky. Income has been growing faster in Lee County (6.9%/yr) than in Kentucky (4.9%/yr).
About 2% of adults in Lee 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 Lee County, Kentucky grew by 76.6% from 2009 to 2023, reaching $33,917 in 2023. That's an average of about 6.9% per year.
Economic Inequality in Lee County | Gender Pay Gap | Gini Coefficient
| Metric | Lee County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.587 | 0.554 | 0.570 |
| Male Median Income | $44,008 | $59,736 | $67,746 |
| Female Median Income | $36,811 | $47,402 | $54,793 |
| Gender Pay Gap | 16.4% | 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 Lee County, it is 0.587, higher than Kentucky's 0.554, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 20% more than women's income in Lee County, Kentucky. Over a 35-year career, a 20% wage gap accumulates to roughly $251,895 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lee County, Kentucky has widened from about 9% to 16% in 2023. In dollar terms, the gap has widened by $4,746 since 2009.
Employment
| Metric | Lee County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 4.8% | 5.2% |
| Working from Home | 6.4% | 9.1% | 13.4% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 179 people are unemployed in Lee County, Kentucky.
The average commute time in Lee County is 22 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lee County, Kentucky has fallen from 9.9% to 7.0% in 2023.
Conclusion
Considering all these factors, Lee County, Kentucky has an overall wealth index grade of F, making it somewhat worse than Kentucky, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lee County, Kentucky.
How Rich Is Lee County, Kentucky?
Lee County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $33,917, about 46% lower than the Kentucky average of $62,784.
What is the current median household income in Lee County, Kentucky?
As of 2023, the median household income in Lee County, Kentucky is $33,917.
What was the median household income in Lee County in 2023?
In 2023, the median household income in Lee County, Kentucky was $33,917.
What was the median household income in Lee County in 2020?
In 2020, the median household income in Lee County, Kentucky was $24,643.
What is the Gini coefficient in Lee County, Kentucky?
The Gini coefficient in Lee County is 0.587. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Lee County, Kentucky?
Since 2009, the income gap between men and women in Lee County, Kentucky has widened from about 9% to 16% in 2023. In dollar terms, the gap has widened by $4,746 since 2009.