Magoffin County, Kentucky

The median household income in Magoffin County, Kentucky is $33,632, 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.

The per capita income in Magoffin County is $20,024, 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 $33,632.

Magoffin County's median household income of $33,632 is lower than the Kentucky state average of $55,909. The per capita income is $20,024, compared to the state average of $29,616.

The per capita income in Magoffin County, Kentucky is $20,024, 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.

Magoffin County's median household income of $33,632 is below the Kentucky average of $55,909. The per capita income of $20,024 is also lower than the state average of $29,616. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.

Magoffin County ranks #116 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $33,632 and per capita income of $20,024, it falls in the bottom third of counties statewide.