Paducah, Kentucky Income Statistics
Paducah 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
Paducah Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Paducah | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,674 | $64,312 | $80,455 |
| Median Personal Income | $51,511 | $52,849 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.6% | 4.8% |
| Six-Figure Earners | 9.0% | 8.9% | 13.9% |
| $200k+ Households | 6.7% | 7.2% | 13.2% |
The median household income in Paducah is about 15% lower than in Kentucky. Income has been growing faster in Paducah (5.5%/yr) than in Kentucky (4.6%/yr).
About 9% of adults in Paducah 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 Paducah, Kentucky grew by 79.1% from 2009 to 2024, reaching $54,674 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Paducah
| Metric | Paducah | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.547 | 0.552 |
| Male Median Income | $62,143 | $60,966 | $69,667 |
| Female Median Income | $46,943 | $49,119 | $56,850 |
| Gender Pay Gap | 24.5% | 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 Paducah, it is 0.556, higher than Kentucky's 0.547, so income is less evenly distributed here than 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 32% more than women's income in Paducah, Kentucky. Over a 35-year career, a 32% wage gap accumulates to roughly $532,000 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Paducah, Kentucky has narrowed from about 28% to 24% in 2024. Over that period the gap was widest at 32% in 2023, and was narrowest at 18% in 2019. In dollar terms, the gap has widened by $3,128 since 2009.
Employment
| Metric | Paducah | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.8% | 5.2% |
| Working from Home | 6.6% | 10.2% | 15.0% |
| Commute time (minutes) | 12 | 20 | 22 |
Approximately 468 people are unemployed in Paducah, Kentucky.
The average commute time in Paducah is 12 minutes, shorter than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Paducah, Kentucky has fallen from 10.5% to 4.0% in 2024. Over that period the rate fell as low as 3.3% in 2020.
Conclusion
Considering all these factors, Paducah, 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 Paducah, Kentucky.
How Rich Is Paducah, Kentucky?
Paducah 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 $54,674, about 15% lower than the Kentucky average of $64,312.
How fast is household income rising in Paducah, Kentucky?
Between 2009 and 2024, the median household income in Paducah, Kentucky rose 79%, from $30,521 to $54,674. Over the same years, income here outpaced Kentucky as a whole: +79% against +56%.
What was the median household income in Paducah in 2023?
In 2023, the median household income in Paducah, Kentucky was $52,503, up 8% from $48,526 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Paducah in 2020?
In 2020, the median household income in Paducah, Kentucky was $41,275. By 2024 it had risen 32% to $54,674.
What is the Gini coefficient in Paducah, Kentucky?
The Gini coefficient in Paducah is 0.556. 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 Paducah, Kentucky?
Since 2009, the income gap between men and women in Paducah, Kentucky has narrowed from about 28% to 24% in 2024. Over that period the gap was widest at 32% in 2023, and was narrowest at 18% in 2019. In dollar terms, the gap has widened by $3,128 since 2009.
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