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 | Logan County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,563 | $62,784 | $78,145 |
| Median Personal Income | $49,447 | $53,643 | $61,726 |
| Average income growth | 6.8% | 4.9% | 5.1% |
| Six-Figure Earners | 5.3% | 8.4% | 13.2% |
The median household income in Logan County is about 2% lower than in Kentucky. Income has been growing faster in Logan County (6.8%/yr) than in Kentucky (4.9%/yr).
About 5% of adults in Logan 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 Logan County, Kentucky grew by 65.2% from 2009 to 2023, reaching $61,563 in 2023. That's an average of about 6.8% per year.
Economic Inequality in Logan County | Gender Pay Gap | Gini Coefficient
| Metric | Logan County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.554 | 0.570 |
| Male Median Income | $55,817 | $59,736 | $67,746 |
| Female Median Income | $41,575 | $47,402 | $54,793 |
| Gender Pay Gap | 25.5% | 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 Logan County, it is 0.528, 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 34% more than women's income in Logan County, Kentucky. Over a 35-year career, a 34% wage gap accumulates to roughly $498,470 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Logan County, Kentucky has narrowed from about 28% to 26% in 2023. In dollar terms, the gap has widened by $2,989 since 2009.
Employment
| Metric | Logan County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.8% | 5.2% |
| Working from Home | 3.7% | 9.1% | 13.4% |
| Commute time (minutes) | 23 | 20 | 22 |
Approximately 604 people are unemployed in Logan County, Kentucky.
The average commute time in Logan County is 23 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Logan County, Kentucky has fallen from 9.5% to 4.8% in 2023.
Conclusion
Considering all these factors, Logan 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 Logan County, Kentucky.
How Rich Is Logan County, Kentucky?
Logan 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 $61,563, about 2% lower than the Kentucky average of $62,784.
What is the current median household income in Logan County, Kentucky?
As of 2023, the median household income in Logan County, Kentucky is $61,563.
What was the median household income in Logan County in 2023?
In 2023, the median household income in Logan County, Kentucky was $61,563.
What was the median household income in Logan County in 2020?
In 2020, the median household income in Logan County, Kentucky was $48,871.
What is the Gini coefficient in Logan County, Kentucky?
The Gini coefficient in Logan County is 0.528. 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 Logan County, Kentucky?
Since 2009, the income gap between men and women in Logan County, Kentucky has narrowed from about 28% to 26% in 2023. In dollar terms, the gap has widened by $2,989 since 2009.