Graves County, Kentucky
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Graves County Compares
Detailed Income Statistics
Income Advisory: Graves County
Income Verdict
Graves County has a median household income of $50,576 and per capita income of $29,608 — a gap of $20,968, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $713/month and a median household income of $50,576, rent consumes approximately 16.9% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $50,576, residents of Graves County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $29,608 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.
Neighbor Context
Graves County earns approximately 9.5% below the Kentucky state median household income of $55,909.
Data Story
About Household Income in Graves County, Kentucky
Graves County lags national income standards
Graves County's median household income of $50,576 falls 32.3% below the U.S. median of $74,755, reflecting economic pressures facing many rural Kentucky communities. The gap suggests limited high-wage employment opportunities locally.
Below Kentucky's average income
At $50,576, Graves County's median household income trails Kentucky's state average of $55,909 by 9.5%, placing it in the lower-middle tier statewide. The county faces economic headwinds shared by several rural Kentucky regions.
Similar struggles in surrounding counties
Graves County's $50,576 income mirrors the challenges of nearby Grayson County ($49,893) and Green County ($41,087), suggesting a regional economic pattern. Greenup County ($59,613) offers a notable contrast with stronger earning power just to the east.
Housing costs squeeze household budgets
A rent-to-income ratio of 16.9% indicates manageable housing costs, though the lower overall income means less financial cushion for emergencies. A median home value of $139,000 aligns with local earning capacity but limits savings potential.
Invest in income growth strategies
Graves County households should prioritize skill-building and education to unlock higher-wage opportunities, both locally and regionally. Starting small with automated savings and employer retirement plans can help build wealth despite current income constraints.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Graves County
Your income is above the Graves County median
County median: $50,576 per year
vs. County Median
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vs. State Average
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vs. National Median
-32%
Income Adequacy
Your monthly income ($4,215) vs. median rent ($713/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.