Madison County, Kentucky Income Statistics
Madison County Wealth Score
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.
-
D
Madison County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,757 | $64,312 | $80,455 |
| Median Personal Income | $51,003 | $52,849 | $60,758 |
| Average Yearly Income Growth | 4.9% | 4.6% | 4.8% |
| Six-Figure Earners | 7.5% | 8.9% | 13.9% |
| $200k+ Households | 6.2% | 7.2% | 13.2% |
The median household income in Madison County is about 1% higher than in Kentucky. Income has been growing faster in Madison County (4.9%/yr) than in Kentucky (4.6%/yr).
About 7% of adults in Madison County earn six figures ($100,000 or more) a year, lower than the Kentucky average of 9%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Madison County, Kentucky grew by 62.6% from 2009 to 2024, reaching $64,757 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.546 | 0.547 | 0.552 |
| Male Median Income | $56,041 | $60,966 | $69,667 |
| Female Median Income | $47,917 | $49,119 | $56,850 |
| Gender Pay Gap | 14.5% | 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 Madison County, it is 0.546, 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 17% more than women's income in Madison County, Kentucky. Over a 35-year career, a 17% wage gap accumulates to roughly $284,340 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison County, Kentucky has narrowed from about 24% to 14% in 2024. Over that period the gap was widest at 30% in 2012. In dollar terms, the gap has narrowed by $2,130 since 2009.
Employment
| Metric | Madison County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.8% | 5.2% |
| Working from Home | 9.6% | 10.2% | 15.0% |
| Commute time (minutes) | 20 | 20 | 22 |
Approximately 2,495 people are unemployed in Madison County, Kentucky.
The average commute time in Madison County is 20 minutes, about the same as in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, Kentucky has fallen from 8.8% to 5.1% in 2024. Over that period the rate peaked at 9.1% in 2012.
Madison County, KY Wealth Compared With Nearby Counties
Madison County, KY is the largest of the 6 counties compared here, 95,769 residents against a local median of 17,568. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Madison County, KY an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is income growth, 11% above the local median at 4.9%/yr against 4.4%/yr. Madison County, KY has the 3rd highest income growth of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Madison County, KY | 95,769 | $64,757 #3/6 | 4.9%/yr #3/6 | 5.1% #4/6 | 0.546 #4/6 |
| Garrard County, KY | 17,568 | $62,823 | 3.9%/yr | 5.1% | 0.552 |
| Clark County, KY | 37,190 | $66,114 | 3.8%/yr | 4.4% | 0.533 |
| Estill County, KY | 14,035 | $46,575 | 5.9%/yr | 7.0% | 0.545 |
| Jessamine County, KY | 54,588 | $74,512 | 4.4%/yr | 3.1% | 0.536 |
| Rockcastle County, KY | 16,158 | $49,228 | 5.0%/yr | 4.6% | 0.566 |
Conclusion
Considering all these factors, Madison 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 Madison County, Kentucky.
How Rich Is Madison County, Kentucky?
Madison 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 $64,757, about 1% higher than the Kentucky average of $64,312.
How fast is household income rising in Madison County, Kentucky?
Between 2009 and 2024, the median household income in Madison County, Kentucky rose 63%, from $39,838 to $64,757. Over the same years, income here outpaced Kentucky as a whole: +63% against +56%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, Kentucky was $63,011, up 5% from $59,820 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, Kentucky was $52,160. By 2024 it had risen 24% to $64,757.
What is the Gini coefficient in Madison County, Kentucky?
The Gini coefficient in Madison County is 0.546. 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 Madison County, Kentucky?
Since 2009, the income gap between men and women in Madison County, Kentucky has narrowed from about 24% to 14% in 2024. Over that period the gap was widest at 30% in 2012. In dollar terms, the gap has narrowed by $2,130 since 2009.
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