Hancock County, Kentucky

Income Data

+20% vs. Kentucky average
$66,836
Median Household Income
$31,417
Per Capita Income

At a Glance

Median Household Income
$66,836
+20% vs. state avg
Per Capita Income
$31,417
-20% vs. national
Income-to-Housing Ratio
48.6%
income as % of home value
Rank in Kentucky
#22 / 120
by median household income

How Hancock County Compares

Hancock County$66,836
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$66,836
Median Household Income
$31,417
Per Capita Income
$137,600
Median Home Value
48.6%
Income-to-Housing Ratio

Data Story

About Household Income in Hancock County, Kentucky

Hancock County earns above national median

Hancock County's median household income of $66,836 exceeds the U.S. median of $74,755 by 10.6%, demonstrating solid earning power for a Kentucky county. The strong position reflects a relatively vibrant local economy.

Well above Kentucky's state average

At $66,836, Hancock County's median household income runs 19.5% higher than Kentucky's state average of $55,909, ranking it among the state's most prosperous communities. Households here significantly outpace typical statewide earnings.

Competitive with nearby high-earners

Hancock County's $66,836 median income rivals Grant County ($67,940) and Hardin County ($67,608), making it part of a prosperous northern Kentucky cluster. All three counties substantially outperform state and regional averages.

Most affordable housing in group

With a rent-to-income ratio of 13.5%, Hancock County has the lowest housing-cost burden among sampled counties, freeing up income for savings and investments. A median home value of $137,600 aligns well with household earning capacity.

Maximize wealth-building opportunities

Hancock County's strong income and low housing burden position residents to aggressively fund retirement accounts and build investment portfolios. Working with a financial planner can help optimize tax strategies and diversify assets across stocks, bonds, and real estate.

Frequently Asked Questions

What is the median household income in Hancock County, Kentucky?
The median household income in Hancock County, Kentucky is $66,836, 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 Hancock County?
The per capita income in Hancock County is $31,417, 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 $66,836.
How does Hancock County compare to the Kentucky average?
Hancock County's median household income of $66,836 is higher than the Kentucky state average of $55,909. The per capita income is $31,417, compared to the state average of $29,616.
What is the per capita income in Hancock County, Kentucky?
The per capita income in Hancock County, Kentucky is $31,417, 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 Hancock County income higher than the Kentucky average?
Hancock County's median household income of $66,836 is higher than the Kentucky average of $55,909. This difference of $10,927 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 Hancock County rank for income in Kentucky?
Hancock County ranks #22 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $66,836 and per capita income of $31,417, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Hancock County

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Your income is above the Hancock County median

County median: $66,836 per year

vs. County Median

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vs. State Average

+20%

vs. National Median

-11%

vs. Hancock County MedianAbout equal
vs. Kentucky Average20% above
vs. National Median11% below

Income Adequacy

Monthly income covers median rent7.4x

Your monthly income ($5,570) vs. median rent ($752/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.