Louisville, Kentucky Income Statistics
Louisville 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.
-
D
Louisville Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Louisville | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,675 | $64,312 | $80,455 |
| Median Personal Income | $51,285 | $52,849 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.6% | 4.8% |
| Six-Figure Earners | 8.7% | 8.9% | 13.9% |
| $200k+ Households | 6.6% | 7.2% | 13.2% |
The median household income in Louisville is about 15% lower than in Kentucky. Income has been growing faster in Louisville (5.5%/yr) than in Kentucky (4.6%/yr).
About 9% of adults in Louisville earn six figures ($100,000 or more) a year, about the same as the Kentucky average of 9%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Louisville, Kentucky grew by 64.2% from 2009 to 2024, reaching $54,675 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Louisville
| Metric | Louisville | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.551 | 0.547 | 0.552 |
| Male Median Income | $57,206 | $60,966 | $69,667 |
| Female Median Income | $52,330 | $49,119 | $56,850 |
| Gender Pay Gap | 8.5% | 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 Louisville, it is 0.551, about the same as Kentucky's 0.547, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 9% more than women's income in Louisville, Kentucky. Over a 35-year career, a 9% wage gap accumulates to roughly $170,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Louisville, Kentucky has narrowed from about 20% to 9% in 2024. In dollar terms, the gap has narrowed by $3,056 since 2009.
Employment
| Metric | Louisville | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 4.8% | 5.2% |
| Working from Home | 13.3% | 10.2% | 15.0% |
| Commute time (minutes) | 18 | 20 | 22 |
Approximately 8,772 people are unemployed in Louisville, Kentucky.
The average commute time in Louisville is 18 minutes, shorter than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Louisville, Kentucky has fallen from 12.8% to 7.0% in 2024. Over that period the rate peaked at 13.4% in 2013 and fell as low as 6.4% in 2022.
Conclusion
Considering all these factors, Louisville, 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 Louisville, Kentucky.
How Rich Is Louisville, Kentucky?
Louisville 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 $54,675, about 15% lower than the Kentucky average of $64,312.
Are incomes growing in Louisville, Kentucky?
Between 2009 and 2024, the median household income in Louisville, Kentucky rose 64%, from $33,291 to $54,675. Over the same years, income here outpaced Kentucky as a whole: +64% against +56%.
What was the median household income in Louisville in 2023?
In 2023, the median household income in Louisville, Kentucky was $53,308, up 4% from $51,071 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Louisville in 2020?
In 2020, the median household income in Louisville, Kentucky was $43,392. By 2024 it had risen 26% to $54,675.
Is it hard to find a job in Louisville, Kentucky?
Unemployment in Louisville, Kentucky is 7.0%, well above the Kentucky rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Louisville, Kentucky?
The Gini coefficient in Louisville is 0.551. 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 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Louisville, Kentucky?
Since 2009, the income gap between men and women in Louisville, Kentucky has narrowed from about 20% to 9% in 2024. In dollar terms, the gap has narrowed by $3,056 since 2009.
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