Fayette County, Kentucky

Income Data

+21% vs. Kentucky average
$67,631
Median Household Income
$42,272
Per Capita Income

At a Glance

Median Household Income
$67,631
+21% vs. state avg
Per Capita Income
$42,272
+7% vs. national
Income-to-Housing Ratio
24.9%
income as % of home value
Rank in Kentucky
#20 / 120
by median household income

How Fayette County Compares

Fayette County$67,631
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$67,631
Median Household Income
$42,272
Per Capita Income
$272,100
Median Home Value
24.9%
Income-to-Housing Ratio

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?
The median household income in Fayette County, Kentucky is $67,631, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Fayette County?
The per capita income in Fayette County is $42,272, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $67,631.
How does Fayette County compare to the Kentucky average?
Fayette County's median household income of $67,631 is higher than the Kentucky state average of $55,909. The per capita income is $42,272, compared to the state average of $29,616.
What is the per capita income in Fayette County, Kentucky?
The per capita income in Fayette County, Kentucky is $42,272, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Fayette County income higher than the Kentucky average?
Fayette County's median household income of $67,631 is higher than the Kentucky average of $55,909. This difference of $11,722 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Fayette County rank for income in Kentucky?
Fayette County ranks #20 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $67,631 and per capita income of $42,272, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Fayette County

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Your income is above the Fayette County median

County median: $67,631 per year

vs. County Median

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vs. State Average

+21%

vs. National Median

-10%

vs. Fayette County MedianAbout equal
vs. Kentucky Average21% above
vs. National Median10% below

Income Adequacy

Monthly income covers median rent5.1x

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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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.