Woodford County, Kentucky Income Statistics
Woodford 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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B
Woodford County Around averageWealthier than 95% of counties in Kentucky
Source: Map AI Methodology
Income Statistics Overview
| Metric | Woodford County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,715 | $64,312 | $80,455 |
| Median Personal Income | $54,704 | $52,849 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.6% | 4.8% |
| Six-Figure Earners | 13.6% | 8.9% | 13.9% |
| $200k+ Households | 11.4% | 7.2% | 13.2% |
The median household income in Woodford County is about 30% higher than in Kentucky. Income has been growing slower in Woodford County (4.4%/yr) than in Kentucky (4.6%/yr).
About 14% of adults in Woodford County 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 Woodford County, Kentucky grew by 46.1% from 2009 to 2024, reaching $83,715 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Woodford County
| Metric | Woodford County | Kentucky Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.547 | 0.552 |
| Male Median Income | $66,961 | $60,966 | $69,667 |
| Female Median Income | $49,230 | $49,119 | $56,850 |
| Gender Pay Gap | 26.5% | 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 Woodford County, it is 0.519, 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 36% more than women's income in Woodford County, Kentucky. Over a 35-year career, a 36% wage gap accumulates to roughly $620,585 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Woodford County, Kentucky has widened from about 19% to 26% in 2024. Over that period the gap was narrowest at 18% in 2010. In dollar terms, the gap has widened by $7,999 since 2009.
Sharply against the trend: the pay gap in Woodford County widened by 7.1 points while Kentucky's narrowed by 5.2 points.
Employment
| Metric | Woodford County | Kentucky Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.8% | 5.2% |
| Working from Home | 14.9% | 10.2% | 15.0% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 357 people are unemployed in Woodford County, Kentucky.
The average commute time in Woodford County is 22 minutes, longer than the 20 minutes in Kentucky.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Woodford County, Kentucky has fallen from 6.4% to 2.5% in 2024. Over that period the rate peaked at 7.7% in 2012 and fell as low as 2.4% in 2022.
Woodford County, KY Wealth Compared With Nearby Counties
Woodford County, KY is the 4th largest of the 6 counties compared here, 27,278 residents against a local median of 51,842. Where Woodford County, KY breaks from the counties next to it is unemployment, sitting 42% below the local median of 4.3% at 2.5%. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $83,715 against a local median of $70,277, 19% above it. Every measure here with a clear better direction points the same way, so Woodford County, KY is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 3.7% on unemployment, so Woodford County, KY sits at one end of an already wide local range rather than apart from it. Woodford County, KY has the 2nd lowest unemployment 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. |
|---|---|---|---|---|---|
| Woodford County, KY | 27,278 | $83,715 #1/6 | 4.4%/yr #3/6 | 2.5% #2/6 | 0.519 #4/6 |
| Jessamine County, KY | 54,588 | $74,512 | 4.4%/yr | 3.1% | 0.536 |
| Franklin County, KY | 51,842 | $67,514 | 3.5%/yr | 5.9% | 0.504 |
| Anderson County, KY | 24,353 | $74,458 | 4.3%/yr | 2.2% | 0.508 |
| Mercer County, KY | 23,027 | $66,328 | 4.7%/yr | 4.3% | 0.512 |
| Fayette County, KY | 323,723 | $70,277 | 4.2%/yr | 4.8% | 0.544 |
Conclusion
Considering all these factors, Woodford County, 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 Woodford County, Kentucky.
How Rich Is Woodford County, Kentucky?
Woodford County 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 $83,715, about 30% higher than the Kentucky average of $64,312.
Are incomes growing in Woodford County, Kentucky?
Between 2009 and 2024, the median household income in Woodford County, Kentucky rose 46%, from $57,291 to $83,715. Over the same years, income here lagged behind Kentucky as a whole: +46% against +56%.
What was the median household income in Woodford County in 2023?
In 2023, the median household income in Woodford County, Kentucky was $78,847, about the same as in 2022. The Kentucky median that year was $62,783.
What was the median household income in Woodford County in 2020?
In 2020, the median household income in Woodford County, Kentucky was $66,191. By 2024 it had risen 26% to $83,715.
How many people earn six figures in Woodford County, Kentucky?
Yes. 14% of adults in Woodford County, Kentucky earn $100,000 or more a year (about 1 in 7), 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.
How strong is the job market in Woodford County, Kentucky?
Unemployment in Woodford County, Kentucky is only 2.5%, well below the Kentucky rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Woodford County, Kentucky?
The Gini coefficient in Woodford County is 0.519. 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 Woodford County, Kentucky?
Since 2009, the income gap between men and women in Woodford County, Kentucky has widened from about 19% to 26% in 2024. Over that period the gap was narrowest at 18% in 2010. In dollar terms, the gap has widened by $7,999 since 2009.
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