Martin County, Kentucky Income Statistics
Martin 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.
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F
Martin County Well below averageLess wealthy than 95% of counties in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Martin County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $36,960 | $64,312 | $80,455 |
| Median Personal Income | $47,668 | $52,849 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.6% | 4.8% |
| Six-Figure Earners | 4.6% | 8.9% | 13.9% |
| $200k+ Households | 6.7% | 7.2% | 13.2% |
The median household income in Martin County is about 43% lower than in Kentucky. Income has been growing slower in Martin County (3.6%/yr) than in Kentucky (4.6%/yr).
About 5% of adults in Martin 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 Martin County, Kentucky grew by 59.6% from 2009 to 2024, reaching $36,960 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Martin County
| Metric | Martin County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.651 | 0.547 | 0.552 |
| Male Median Income | $57,113 | $60,966 | $69,667 |
| Female Median Income | $56,351 | $49,119 | $56,850 |
| Gender Pay Gap | 1.3% | 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 Martin County, it is 0.651, higher than Kentucky's 0.547, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 1% more than women's income in Martin County, Kentucky. Over a 35-year career, a 1% wage gap accumulates to roughly $26,670 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Martin County, Kentucky has narrowed from about 23% to 1% in 2024. Over that period the gap was widest at 43% in 2016. In dollar terms, the gap has narrowed by $6,810 since 2009.
Employment
| Metric | Martin County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 3.9% | 10.2% | 15.0% |
| Commute time (minutes) | 23 | 20 | 22 |
Approximately 163 people are unemployed in Martin County, Kentucky.
The average commute time in Martin County is 23 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Martin County, Kentucky has fallen from 12.1% to 5.4% in 2024. Over that period the rate peaked at 20.0% in 2015.
Martin County, KY Wealth Compared With Nearby Counties
Martin County, KY is the smallest of the 6 counties compared here, 11,027 residents against a local median of 35,224. The measure that sets Martin County, KY apart most is median household income: $36,960, 18% below the local median of $44,929. That is the weaker end of the local range on this measure.
Income inequality tells the same story from another angle: 0.651 against a local median of 0.560, 16% above it. Every measure here with a clear better direction points the same way, and it is the wrong way: Martin County, KY reads weaker than its neighbours on all of them. The counties themselves spread $17,378 on median household income, so Martin County, KY sits at one end of an already wide local range rather than apart from it. Martin County, KY has the 6th highest median household income 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. |
|---|---|---|---|---|---|
| Martin County, KY | 11,027 | $36,960 #6/6 | 3.6%/yr #5/6 | 5.4% #4/6 | 0.651 #6/6 |
| Johnson County, KY | 22,334 | $44,929 | 3.2%/yr | 4.2% | 0.560 |
| Floyd County, KY | 35,224 | $41,750 | 4.0%/yr | 7.7% | 0.570 |
| Lawrence County, KY | 16,077 | $47,137 | 4.0%/yr | 7.7% | 0.552 |
| Pike County, KY | 56,725 | $44,332 | 3.9%/yr | 5.2% | 0.568 |
| Wayne County, WV | 38,164 | $59,127 | 5.7%/yr | 4.9% | 0.533 |
Conclusion
Considering all these factors, Martin County, Kentucky has an overall wealth index grade of F, making it somewhat worse than Kentucky, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Martin County, Kentucky.
How Rich Is Martin County, Kentucky?
Martin County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $36,960, about 43% lower than the Kentucky average of $64,312.
How has median household income changed in Martin County, Kentucky?
Between 2009 and 2024, the median household income in Martin County, Kentucky rose 60%, from $23,150 to $36,960. Over the same years, income here outpaced Kentucky as a whole: +60% against +56%.
What was the median household income in Martin County in 2023?
In 2023, the median household income in Martin County, Kentucky was $45,664, about the same as in 2022. The Kentucky median that year was $62,783.
What was the median household income in Martin County in 2020?
In 2020, the median household income in Martin County, Kentucky was $43,209. By 2024 it had fallen 14% to $36,960.
What is the Gini coefficient in Martin County, Kentucky?
The Gini coefficient in Martin County is 0.651. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Martin County, Kentucky?
Since 2009, the income gap between men and women in Martin County, Kentucky has narrowed from about 23% to 1% in 2024. Over that period the gap was widest at 43% in 2016. In dollar terms, the gap has narrowed by $6,810 since 2009.
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