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 | Livingston County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,714 | $62,784 | $78,145 |
| Median Personal Income | $51,458 | $53,643 | $61,726 |
| Average income growth | 4.5% | 4.9% | 5.1% |
| Six-Figure Earners | 4.3% | 8.4% | 13.2% |
The median household income in Livingston County is about 5% lower than in Kentucky. Income has been growing slower in Livingston County (4.5%/yr) than in Kentucky (4.9%/yr).
About 4% of adults in Livingston 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 Livingston County, Kentucky grew by 46.1% from 2009 to 2023, reaching $59,714 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Livingston County | Gender Pay Gap | Gini Coefficient
| Metric | Livingston County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.554 | 0.570 |
| Male Median Income | $61,193 | $59,736 | $67,746 |
| Female Median Income | $37,227 | $47,402 | $54,793 |
| Gender Pay Gap | 39.2% | 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 Livingston County, it is 0.522, 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 64% more than women's income in Livingston County, Kentucky. Over a 35-year career, a 64% wage gap accumulates to roughly $838,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Livingston County, Kentucky has widened from about 32% to 39% in 2023. In dollar terms, the gap has widened by $11,302 since 2009.
Employment
| Metric | Livingston County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 4.8% | 5.2% |
| Working from Home | 4.4% | 9.1% | 13.4% |
| Commute time (minutes) | 26 | 20 | 22 |
Approximately 188 people are unemployed in Livingston County, Kentucky.
The average commute time in Livingston County is 26 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Livingston County, Kentucky has fallen from 9.3% to 4.7% in 2023.
Conclusion
Considering all these factors, Livingston 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 Livingston County, Kentucky.
How Rich Is Livingston County, Kentucky?
Livingston 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 $59,714, about 5% lower than the Kentucky average of $62,784.
What is the current median household income in Livingston County, Kentucky?
As of 2023, the median household income in Livingston County, Kentucky is $59,714.
What was the median household income in Livingston County in 2023?
In 2023, the median household income in Livingston County, Kentucky was $59,714.
What was the median household income in Livingston County in 2020?
In 2020, the median household income in Livingston County, Kentucky was $51,407.
What is the Gini coefficient in Livingston County, Kentucky?
The Gini coefficient in Livingston County is 0.522. 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 Livingston County, Kentucky?
Since 2009, the income gap between men and women in Livingston County, Kentucky has widened from about 32% to 39% in 2023. In dollar terms, the gap has widened by $11,302 since 2009.