Monroe County, Kentucky

Income Data

-12% vs. Kentucky average
$49,430
Median Household Income
$26,755
Per Capita Income

At a Glance

Median Household Income
$49,430
-12% vs. state avg
Per Capita Income
$26,755
-32% vs. national
Income-to-Housing Ratio
42.5%
income as % of home value
Rank in Kentucky
#83 / 120
by median household income

How Monroe County Compares

Monroe County$49,430
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$49,430
Median Household Income
$26,755
Per Capita Income
$116,300
Median Home Value
42.5%
Income-to-Housing Ratio

Data Story

About Household Income in Monroe County, Kentucky

Monroe trails the national average

Monroe County's median household income of $49,430 falls $25,325 short of the national median of $74,755—a significant 34% gap. This substantial shortfall indicates Monroe faces economic challenges comparable to some of America's most disadvantaged counties.

Monroe below Kentucky baseline

At $49,430, Monroe County's median household income trails the Kentucky state median of $55,909 by $6,479. This 12% deficit reveals that Monroe residents earn less than average Kentuckians, suggesting limited job growth and lower wage opportunities in the local economy.

Monroe among region's lowest earners

Monroe County's $49,430 median household income ranks among the county's weakest neighbors, barely exceeding Metcalfe County ($48,572) and substantially below Mercer County ($63,115). The county's economic position reflects broader regional challenges in central Kentucky.

Housing remains affordable

Monroe County's rent-to-income ratio of 15.3% is manageable, keeping housing costs at a reasonable share of household earnings. The median home value of $116,300 is among the region's lowest, making homeownership accessible despite limited household income.

Build financial stability gradually

Monroe County residents should focus first on establishing emergency savings before pursuing major investments. Take advantage of employer retirement plans where available, seek free financial literacy resources, and consider ways to increase household income through education or skill development.

Frequently Asked Questions

What is the median household income in Monroe County, Kentucky?
The median household income in Monroe County, Kentucky is $49,430, 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 Monroe County?
The per capita income in Monroe County is $26,755, 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 $49,430.
How does Monroe County compare to the Kentucky average?
Monroe County's median household income of $49,430 is lower than the Kentucky state average of $55,909. The per capita income is $26,755, compared to the state average of $29,616.
What is the per capita income in Monroe County, Kentucky?
The per capita income in Monroe County, Kentucky is $26,755, 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.
Is Monroe County a low-income area in Kentucky?
Monroe County's median household income of $49,430 is below the Kentucky average of $55,909. The per capita income of $26,755 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.
How does Monroe County rank for income in Kentucky?
Monroe County ranks #83 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $49,430 and per capita income of $26,755, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Monroe County

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Your income is above the Monroe County median

County median: $49,430 per year

vs. County Median

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vs. State Average

-12%

vs. National Median

-34%

vs. Monroe County MedianAbout equal
vs. Kentucky Average12% below
vs. National Median34% below

Income Adequacy

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Your monthly income ($4,119) vs. median rent ($629/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.