Garrard County, Kentucky
Income Data
At a Glance
How Garrard County Compares
Detailed Income Statistics
Data Story
About Household Income in Garrard County, Kentucky
Garrard within 16% of U.S. median
Garrard County's median household income of $62,572 trails the national median of $74,755 by $12,183, or 16%. This places Garrard among above-average earning counties nationwide.
Upper-tier Kentucky county
Garrard's median income of $62,572 exceeds Kentucky's state average of $55,909 by $6,663, ranking it firmly in the state's upper income tier. Its per capita income of $30,619 outpaces the state average of $29,616.
Tied for fourth among peer counties
Garrard ($62,572) virtually matches Gallatin ($62,247) and ranks fourth overall, behind Fayette and Franklin but ahead of smaller counties. Garrard's central location supports consistent income performance.
Best rent-to-income ratio in region
Garrard's rent-to-income ratio of 15.2% is the lowest among all eight profiled counties, indicating exceptional housing affordability. Median home values of $186,800 pair well with the median household income.
Strong foundation for wealth accumulation
Garrard households earning $62,572 can confidently fund retirement contributions, education savings, and long-term investments. The county's affordability advantage creates exceptional opportunity to build multi-generational wealth.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Garrard County median
County median: $62,572 per year
vs. County Median
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vs. State Average
+12%
vs. National Median
-16%
Income Adequacy
Your monthly income ($5,214) vs. median rent ($793/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.