Carroll County, Kentucky
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Carroll County Compares
Detailed Income Statistics
Income Advisory: Carroll County
Income Verdict
Carroll County has a median household income of $57,753 and per capita income of $29,904 — a gap of $27,849, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $853/month and a median household income of $57,753, rent consumes approximately 17.7% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $57,753, residents of Carroll County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $29,904 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.
Neighbor Context
Carroll County earns approximately 3.3% above the Kentucky state median household income of $55,909, positioning it favorably within the state.
Data Story
About Household Income in Carroll County, Kentucky
Carroll slightly above state average
Carroll County's median household income of $57,753 edges above Kentucky's state average of $55,909 by roughly $1,850, but lags the national median of $74,755 by about $17,000. The county earns approximately 77% of typical U.S. household income, ranking in the lower-middle tier nationally.
Solid mid-tier rank in Kentucky
Carroll County places comfortably above Kentucky's median for household income, ranking in the upper-middle tier among the state's 120 counties. Per capita income of $29,904 essentially matches the state average, suggesting a fairly even income distribution.
Carroll competitive with regional peers
Carroll's $57,753 median household income runs nearly identical to nearby Caldwell ($57,618) and Carlisle ($62,019), positioning it as a solid regional performer. The county trails Campbell County ($77,271) but outpaces lower-income peers like Casey ($41,689) and Carter ($50,389).
Rent cost climbing toward threshold
Carroll's rent-to-income ratio of 17.7% approaches the 20% caution level, meaning typical renters spend roughly $852 monthly against median income. Home values of $129,800 remain accessible but require disciplined savings and stable employment for most first-time buyers.
Strategic planning pays off here
Carroll County residents should prioritize building emergency savings before investing, given moderate income and rising rental costs. Explore first-time homebuyer programs, employer retirement match programs, and low-cost index funds as building blocks for longer-term wealth accumulation.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Carroll County
Your income is above the Carroll County median
County median: $56,466 per year
vs. County Median
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($4,706) vs. median rent ($910/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.