Henry County, Kentucky
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Henry County Compares
Detailed Income Statistics
Income Advisory: Henry County
Income Verdict
Henry County has a median household income of $60,736 and per capita income of $30,492 — a gap of $30,244, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $871/month and a median household income of $60,736, rent consumes approximately 17.2% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $60,736, residents of Henry County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $30,492 is in line with national norms for individual earners.
Neighbor Context
Henry County earns approximately 8.6% above the Kentucky state median household income of $55,909, positioning it favorably within the state.
Data Story
About Household Income in Henry County, Kentucky
Henry County income below national mark
Henry County's median household income of $60,736 falls about 19% short of the national median of $74,755. The per capita income of $30,492 aligns with the state average, indicating typical earning distribution for rural Kentucky.
Above Kentucky's typical household income
At $60,736, Henry County households earn about 9% more than Kentucky's state average of $55,909. The county ranks in the upper-middle tier of Kentucky counties by median household income.
Henry competes well locally
Henry County's $60,736 median income trails Harrison ($63,205) and Hickman ($63,750) but exceeds Hopkins ($57,610) and Hart ($49,653). The county holds steady in the stronger-earning group of its region.
Housing costs rising in Henry
At 17.2% of median income, Henry County's rent-to-income ratio edges toward affordability concerns. A median home value of $181,300 requires households to allocate substantial resources, leaving less for savings and investments.
Strategic investing despite housing costs
Henry County residents should seek to automate retirement contributions through payroll deductions to build wealth amid housing expenses. Even modest monthly investments in diversified funds compound significantly over a working lifetime.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Henry County
Your income is above the Henry County median
County median: $60,736 per year
vs. County Median
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vs. State Average
+9%
vs. National Median
-19%
Income Adequacy
Your monthly income ($5,061) vs. median rent ($871/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.