Lexington-Fayette, Kentucky Income Statistics
Lexington-Fayette Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Lexington-Fayette Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lexington-Fayette | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,277 | $64,312 | $80,455 |
| Median Personal Income | $57,956 | $52,849 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.6% | 4.8% |
| Six-Figure Earners | 12.7% | 8.9% | 13.9% |
| $200k+ Households | 10.9% | 7.2% | 13.2% |
The median household income in Lexington-Fayette is about 9% higher than in Kentucky. Income has been growing slower in Lexington-Fayette (4.2%/yr) than in Kentucky (4.6%/yr).
About 13% of adults in Lexington-Fayette earn six figures ($100,000 or more) a year, higher than the Kentucky average of 9%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lexington-Fayette, Kentucky grew by 49.3% from 2009 to 2024, reaching $70,277 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Lexington-Fayette
| Metric | Lexington-Fayette | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.547 | 0.552 |
| Male Median Income | $64,372 | $60,966 | $69,667 |
| Female Median Income | $56,258 | $49,119 | $56,850 |
| Gender Pay Gap | 12.6% | 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 Lexington-Fayette, it is 0.544, about the same as Kentucky's 0.547, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 14% more than women's income in Lexington-Fayette, Kentucky. Over a 35-year career, a 14% wage gap accumulates to roughly $283,990 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lexington-Fayette, Kentucky has narrowed from about 21% to 13% in 2024. Over that period the gap was widest at 21% in 2012. In dollar terms, the gap has narrowed by $1,307 since 2009.
Employment
| Metric | Lexington-Fayette | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.8% | 5.2% |
| Working from Home | 12.2% | 10.2% | 15.0% |
| Commute time (minutes) | 18 | 20 | 22 |
Approximately 8,756 people are unemployed in Lexington-Fayette, Kentucky.
The average commute time in Lexington-Fayette is 18 minutes, shorter than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lexington-Fayette, Kentucky has fallen from 7.2% to 4.8% in 2024. Over that period the rate peaked at 8.2% in 2013.
Lexington-Fayette, KY Wealth Compared With Nearby Cities
How Lexington-Fayette, KY compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Lexington-Fayette, KY | 323,723 | $70,277 #1/2 | 4.2%/yr #2/2 | 4.8% #1/2 | 0.544 #2/2 |
| Georgetown, KY | 21,981 | $70,162 | 4.8%/yr | 5.2% | 0.534 |
Conclusion
Considering all these factors, Lexington-Fayette, 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 Lexington-Fayette, Kentucky.
How Rich Is Lexington-Fayette, Kentucky?
Lexington-Fayette 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 $70,277, about 9% higher than the Kentucky average of $64,312.
How has median household income changed in Lexington-Fayette, Kentucky?
Between 2009 and 2024, the median household income in Lexington-Fayette, Kentucky rose 49%, from $47,055 to $70,277. Over the same years, income here lagged behind Kentucky as a whole: +49% against +56%.
What was the median household income in Lexington-Fayette in 2023?
In 2023, the median household income in Lexington-Fayette, Kentucky was $68,572, up 3% from $66,443 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Lexington-Fayette in 2020?
In 2020, the median household income in Lexington-Fayette, Kentucky was $59,243. By 2024 it had risen 19% to $70,277.
Is Lexington-Fayette, Kentucky a high-income area?
Yes. 13% of adults in Lexington-Fayette, Kentucky earn $100,000 or more a year (about 1 in 8), against 9% (about 1 in 11) in Kentucky. 11% of households have a combined income of $200,000 or more, compared with 7% in Kentucky.
What is the Gini coefficient in Lexington-Fayette, Kentucky?
The Gini coefficient in Lexington-Fayette is 0.544. 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 Lexington-Fayette, Kentucky?
Since 2009, the income gap between men and women in Lexington-Fayette, Kentucky has narrowed from about 21% to 13% in 2024. Over that period the gap was widest at 21% in 2012. In dollar terms, the gap has narrowed by $1,307 since 2009.
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