Louisville/Jefferson County metro government (balance), Kentucky Income Statistics
Louisville/Jefferson County metro government (balance) 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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B
Louisville/Jefferson County metro government (balance) Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Louisville/Jefferson County metro government (balance) | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,981 | $64,312 | $80,455 |
| Median Personal Income | $57,058 | $52,849 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.6% | 4.8% |
| Six-Figure Earners | 12.0% | 8.9% | 13.9% |
| $200k+ Households | 10.5% | 7.2% | 13.2% |
The median household income in Louisville/Jefferson County metro government (balance) is about 18% higher than in Kentucky. Income has been growing slower in Louisville/Jefferson County metro government (balance) (3.8%/yr) than in Kentucky (4.6%/yr).
About 12% of adults in Louisville/Jefferson County metro government (balance) 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 Louisville/Jefferson County metro government (balance), Kentucky grew by 46.9% from 2009 to 2024, reaching $75,981 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Louisville/Jefferson County metro government (balance)
| Metric | Louisville/Jefferson County metro government (balance) | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.547 | 0.552 |
| Male Median Income | $65,458 | $60,966 | $69,667 |
| Female Median Income | $53,665 | $49,119 | $56,850 |
| Gender Pay Gap | 18.0% | 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/Jefferson County metro government (balance), it is 0.523, lower than Kentucky's 0.547, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 22% more than women's income in Louisville/Jefferson County metro government (balance), Kentucky. Over a 35-year career, a 22% wage gap accumulates to roughly $412,755 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/Jefferson County metro government (balance), Kentucky has narrowed from about 25% to 18% in 2024. Over that period the gap was narrowest at 18% in 2018. In dollar terms, the gap has widened by $310 since 2009.
Employment
| Metric | Louisville/Jefferson County metro government (balance) | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.8% | 5.2% |
| Working from Home | 13.6% | 10.2% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 9,331 people are unemployed in Louisville/Jefferson County metro government (balance), Kentucky.
The average commute time in Louisville/Jefferson County metro government (balance) is 22 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Louisville/Jefferson County metro government (balance), Kentucky has fallen from 8.7% to 4.4% in 2024. Over that period the rate peaked at 9.3% in 2013 and fell as low as 4.0% in 2023.
Conclusion
Considering all these factors, Louisville/Jefferson County metro government (balance), Kentucky has an overall wealth index grade of B, making it somewhat better than Kentucky, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Louisville/Jefferson County metro government (balance), Kentucky.
How Rich Is Louisville/Jefferson County metro government (balance), Kentucky?
Louisville/Jefferson County metro government (balance) has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $75,981, about 18% higher than the Kentucky average of $64,312.
Are incomes growing in Louisville/Jefferson County metro government (balance), Kentucky?
Between 2009 and 2024, the median household income in Louisville/Jefferson County metro government (balance), Kentucky rose 47%, from $51,727 to $75,981. Over the same years, income here lagged behind Kentucky as a whole: +47% against +56%.
What was the median household income in Louisville/Jefferson County metro government (balance) in 2023?
In 2023, the median household income in Louisville/Jefferson County metro government (balance), Kentucky was $74,119, up 2% from $72,661 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Louisville/Jefferson County metro government (balance) in 2020?
In 2020, the median household income in Louisville/Jefferson County metro government (balance), Kentucky was $64,936. By 2024 it had risen 17% to $75,981.
Is Louisville/Jefferson County metro government (balance), Kentucky a high-income area?
Yes. 12% of adults in Louisville/Jefferson County metro government (balance), 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 Louisville/Jefferson County metro government (balance), Kentucky?
The Gini coefficient in Louisville/Jefferson County metro government (balance) is 0.523. 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 Louisville/Jefferson County metro government (balance), Kentucky?
Since 2009, the income gap between men and women in Louisville/Jefferson County metro government (balance), Kentucky has narrowed from about 25% to 18% in 2024. Over that period the gap was narrowest at 18% in 2018. In dollar terms, the gap has widened by $310 since 2009.
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