Madison County, Kentucky

Income Data

+12% vs. Kentucky average
$62,407
Median Household Income
$32,382
Per Capita Income

At a Glance

Median Household Income
$62,407
+12% vs. state avg
Per Capita Income
$32,382
-18% vs. national
Income-to-Housing Ratio
28.3%
income as % of home value
Rank in Kentucky
#34 / 120
by median household income

How Madison County Compares

Madison County$62,407
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$62,407
Median Household Income
$32,382
Per Capita Income
$220,700
Median Home Value
28.3%
Income-to-Housing Ratio

Data Story

About Household Income in Madison County, Kentucky

Madison earns above the national median

Madison County's median household income of $62,407 sits 17% below the national median of $74,755, placing it in the middle range nationally. Per capita income here reaches $32,382, outpacing Kentucky's state average of $29,616 by 9%.

Ranks in top third statewide

Madison County ranks solidly within Kentucky's upper tier, with median household income exceeding the state average of $55,909 by $6,498. This positions the county among the stronger earners across all 120 Kentucky counties.

Competitive with regional peers

Madison's $62,407 household income edges out Marion County ($55,404) and Mason County ($51,473) in the same region. It runs slightly behind Marshall County ($63,611) and McCracken County ($62,385), reflecting consistent mid-tier economic performance across central Kentucky.

Rent absorbs modest share of income

At a rent-to-income ratio of 16.4%, Madison County residents spend a healthy percentage on housing—well below the national stress threshold of 30%. With a median home value of $220,700, homeownership remains attainable for households at the median income level.

Build financial security here

Madison County's above-average income provides a solid foundation for wealth-building through homeownership, retirement savings, and investment. Local residents should explore tax-advantaged accounts like IRAs and 401(k)s to maximize earnings growth beyond the median.

Frequently Asked Questions

What is the median household income in Madison County, Kentucky?
The median household income in Madison County, Kentucky is $62,407, 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 Madison County?
The per capita income in Madison County is $32,382, 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 $62,407.
How does Madison County compare to the Kentucky average?
Madison County's median household income of $62,407 is higher than the Kentucky state average of $55,909. The per capita income is $32,382, compared to the state average of $29,616.
What is the per capita income in Madison County, Kentucky?
The per capita income in Madison County, Kentucky is $32,382, 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 Madison County income higher than the Kentucky average?
Madison County's median household income of $62,407 is higher than the Kentucky average of $55,909. This difference of $6,498 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 Madison County rank for income in Kentucky?
Madison County ranks #34 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $62,407 and per capita income of $32,382, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Madison County

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Your income is above the Madison County median

County median: $62,407 per year

vs. County Median

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vs. State Average

+12%

vs. National Median

-17%

vs. Madison County MedianAbout equal
vs. Kentucky Average12% above
vs. National Median17% below

Income Adequacy

Monthly income covers median rent6.1x

Your monthly income ($5,201) vs. median rent ($851/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.