Garrard County, Kentucky

+12% vs. Kentucky average
$62,572
Median Household Income
$30,619
Per Capita Income

At a Glance

Median Household Income
$62,572
+12% vs. state avg
Per Capita Income
$30,619
-22% vs. national
Income-to-Housing Ratio
33.5%
income as % of home value
Rank in Kentucky
#33 / 120
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Garrard County Compares

Garrard County$62,572
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$62,572
Median Household Income
$30,619
Per Capita Income
$186,800
Median Home Value
33.5%
Income-to-Housing Ratio

Income Advisory: Garrard County

Income Verdict

Garrard County has a median household income of $62,572 and per capita income of $30,619 — a gap of $31,953, suggesting a typical mix of dual-income and single-earner households.

Housing Affordability

With median gross rent at $793/month and a median household income of $62,572, rent consumes approximately 15.2% of monthly income — well within affordable thresholds.

Economic Context

With a median household income of $62,572, residents of Garrard County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $30,619 is in line with national norms for individual earners.

Neighbor Context

Garrard County earns approximately 11.9% above the Kentucky state median household income of $55,909, positioning it favorably within the state.

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

What is the median household income in Garrard County, Kentucky?
The median household income in Garrard County, Kentucky is $62,572, 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 Garrard County?
The per capita income in Garrard County is $30,619, 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 $62,572.
How does Garrard County compare to the Kentucky average?
Garrard County's median household income of $62,572 is higher than the Kentucky state average of $55,909. The per capita income is $30,619, compared to the state average of $29,616.
What is the per capita income in Garrard County, Kentucky?
The per capita income in Garrard County, Kentucky is $30,619, 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 Garrard County income higher than the Kentucky average?
Garrard County's median household income of $62,572 is higher than the Kentucky average of $55,909. This difference of $6,663 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 Garrard County rank for income in Kentucky?
Garrard County ranks #33 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $62,572 and per capita income of $30,619, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Garrard County

$
1.00x

Your income is above the Garrard County median

County median: $62,572 per year

vs. County Median

+0%

vs. State Average

+12%

vs. National Median

-16%

vs. Garrard County MedianAbout equal
vs. Kentucky Average12% above
vs. National Median16% below

Income Adequacy

Monthly income covers median rent6.6x

Your monthly income ($5,214) vs. median rent ($793/mo). A ratio of 3.3x or higher means rent is under 30% of income.

Sponsored

Grow Your Wealth

See how your income stacks up in Garrard County, Kentucky? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Kentucky

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates
By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

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