Monroe County, Kentucky
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Monroe County Compares
Detailed Income Statistics
Income Advisory: Monroe County
Income Verdict
Monroe County has a median household income of $49,430 and per capita income of $26,755 — a gap of $22,675, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $629/month and a median household income of $49,430, rent consumes approximately 15.3% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $49,430, residents of Monroe County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $26,755 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.
Neighbor Context
Monroe County earns approximately 11.6% below the Kentucky state median household income of $55,909.
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
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Income Comparison Calculator
See how your household income compares in Monroe County
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%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.