Pike County, Kentucky Income Statistics
Pike 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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D
Pike County Well below averageLess wealthy than 76% of counties in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Pike County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $44,332 | $64,312 | $80,455 |
| Median Personal Income | $46,269 | $52,849 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.6% | 4.8% |
| Six-Figure Earners | 4.6% | 8.9% | 13.9% |
| $200k+ Households | 3.3% | 7.2% | 13.2% |
The median household income in Pike County is about 31% lower than in Kentucky. Income has been growing slower in Pike County (3.9%/yr) than in Kentucky (4.6%/yr).
About 5% of adults in Pike 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 Pike County, Kentucky grew by 35.8% from 2009 to 2024, reaching $44,332 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Pike County
| Metric | Pike County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.568 | 0.547 | 0.552 |
| Male Median Income | $52,014 | $60,966 | $69,667 |
| Female Median Income | $46,681 | $49,119 | $56,850 |
| Gender Pay Gap | 10.3% | 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 Pike County, it is 0.568, 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 11% more than women's income in Pike County, Kentucky. Over a 35-year career, a 11% wage gap accumulates to roughly $186,655 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pike County, Kentucky has narrowed from about 35% to 10% in 2024. Over that period the gap was widest at 38% in 2013, and was narrowest at 9% in 2023. In dollar terms, the gap has narrowed by $10,235 since 2009.
Employment
| Metric | Pike County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.8% | 5.2% |
| Working from Home | 5.8% | 10.2% | 15.0% |
| Commute time (minutes) | 20 | 20 | 22 |
Approximately 1,052 people are unemployed in Pike County, Kentucky.
The average commute time in Pike County is 20 minutes, about the same as in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pike County, Kentucky has fallen from 8.1% to 5.2% in 2024. Over that period the rate peaked at 11.0% in 2014.
Pike County, KY Wealth Compared With Nearby Counties
Pike County, KY is the largest of the 6 counties compared here, 56,725 residents against a local median of 19,415. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Pike County, KY an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median household income, 6% above the local median at $44,332 against $41,750. Pike County, KY has the 2nd 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. |
|---|---|---|---|---|---|
| Pike County, KY | 56,725 | $44,332 #2/6 | 3.9%/yr #4/6 | 5.2% #3/6 | 0.568 #2/6 |
| Dickenson County, VA | 13,730 | $46,837 | 5.5%/yr | 2.3% | 0.552 |
| Martin County, KY | 11,027 | $36,960 | 3.6%/yr | 5.4% | 0.651 |
| Floyd County, KY | 35,224 | $41,750 | 4.0%/yr | 7.7% | 0.570 |
| Mingo County, WV | 22,544 | $37,935 | 2.0%/yr | 11.5% | 0.605 |
| Buchanan County, VA | 19,415 | $43,339 | 4.5%/yr | 3.9% | 0.593 |
Conclusion
Considering all these factors, Pike County, Kentucky has an overall wealth index grade of D, making it somewhat worse than Kentucky, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pike County, Kentucky.
How Rich Is Pike County, Kentucky?
Pike 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 $44,332, about 31% lower than the Kentucky average of $64,312.
How has median household income changed in Pike County, Kentucky?
Between 2009 and 2024, the median household income in Pike County, Kentucky rose 36%, from $32,653 to $44,332. Over the same years, income here lagged behind Kentucky as a whole: +36% against +56%.
What was the median household income in Pike County in 2023?
In 2023, the median household income in Pike County, Kentucky was $42,650, up 3% from $41,326 in 2022. The Kentucky median that year was $62,783.
What was the median household income in Pike County in 2020?
In 2020, the median household income in Pike County, Kentucky was $34,666. By 2024 it had risen 28% to $44,332.
What is the Gini coefficient in Pike County, Kentucky?
The Gini coefficient in Pike County is 0.568. 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 Pike County, Kentucky?
Since 2009, the income gap between men and women in Pike County, Kentucky has narrowed from about 35% to 10% in 2024. Over that period the gap was widest at 38% in 2013, and was narrowest at 9% in 2023. In dollar terms, the gap has narrowed by $10,235 since 2009.
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