Fayette County, Kentucky
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Fayette County Compares
Detailed Income Statistics
Income Advisory: Fayette County
Income Verdict
Fayette County has a median household income of $67,631 and per capita income of $42,272 — a gap of $25,359, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $1,101/month and a median household income of $67,631, rent consumes approximately 19.5% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $67,631 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $42,272 is in line with national norms for individual earners.
Neighbor Context
Fayette County earns approximately 21% above the Kentucky state median household income of $55,909, positioning it favorably within the state.
Data Story
About Household Income in Fayette County, Kentucky
Fayette nears national income parity
Fayette County's median household income of $67,631 closes the gap with the national median of $74,755, trailing by just $7,124 or 10%. This positions Fayette as an above-average earner relative to most U.S. counties.
Kentucky's top-earning county
Fayette's median income of $67,631 leads all Kentucky counties by a substantial margin, outpacing the state average of $55,909 by $11,722. Its per capita income of $42,272 nearly doubles the state average of $29,616.
Clear income leader among peers
Fayette ($67,631) significantly outearns all comparison counties, including Franklin ($66,470), Gallatin ($62,247), and Garrard ($62,572). Its income advantage reflects Fayette's role as Kentucky's largest metropolitan economic center.
Strong income supports high housing costs
Fayette's median home value of $272,100 is the highest among profiled counties, yet the 19.5% rent-to-income ratio remains manageable. Households here have the earnings capacity to sustain both homeownership and rental housing.
Fayette's income supports wealth building
With $67,631 median household income, Fayette residents have meaningful capacity to invest beyond basic housing and living costs. Diversifying into stocks, bonds, and retirement accounts positions households to compound long-term wealth.
Frequently Asked Questions
What is the median household income in Fayette County, Kentucky?
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How does Fayette County compare to the Kentucky average?
What is the per capita income in Fayette County, Kentucky?
Why is Fayette County income higher than the Kentucky average?
How does Fayette County rank for income in Kentucky?
Income Comparison Calculator
See how your household income compares in Fayette County
Your income is above the Fayette County median
County median: $67,631 per year
vs. County Median
+0%
vs. State Average
+21%
vs. National Median
-10%
Income Adequacy
Your monthly income ($5,636) vs. median rent ($1,101/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.