Pike County, Kentucky
Income Data
At a Glance
How Pike County Compares
Detailed Income Statistics
Data Story
About Household Income in Pike County, Kentucky
Pike earns 44% below U.S. median
Pike County's median household income of $42,179 sits nearly 44% below the national median of $74,755. This $32,576 gap underscores the county's economic challenges relative to U.S. averages.
Among Kentucky's lowest earners
Pike County ranks among the lowest-earning counties in Kentucky, with median household income $13,730 below the state average of $55,909. Only a handful of Kentucky counties earn less than Pike's current median.
Struggling alongside Appalachian peers
Pike's $42,179 income trails Perry County ($45,261) but leads Powell County ($39,811) in the same region. All three counties face similar coal-economy transitions and persistent underemployment.
Rent eats nearly a quarter of pay
Pike's rent-to-income ratio of 23.8% exceeds the 20% affordability threshold, meaning renters struggle to cover housing costs. With median home values at $104,200, buying may offer better long-term value than renting.
Maximize employer benefits now
Even modest 3-5% contributions to 401(k)s compound significantly over decades and reduce taxable income today. Pike residents should prioritize employer matching and explore Individual Retirement Accounts (IRAs) for tax-advantaged saving.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Pike County median
County median: $42,179 per year
vs. County Median
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vs. State Average
-25%
vs. National Median
-44%
Income Adequacy
Your monthly income ($3,515) vs. median rent ($837/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.