Simpson County, Kentucky

Income Data

+3% vs. Kentucky average
$57,392
Median Household Income
$28,786
Per Capita Income

At a Glance

Median Household Income
$57,392
+3% vs. state avg
Per Capita Income
$28,786
-27% vs. national
Income-to-Housing Ratio
29.3%
income as % of home value
Rank in Kentucky
#57 / 120
by median household income

How Simpson County Compares

Simpson County$57,392
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$57,392
Median Household Income
$28,786
Per Capita Income
$195,700
Median Home Value
29.3%
Income-to-Housing Ratio

Data Story

About Household Income in Simpson County, Kentucky

Simpson County falls below national income

Simpson County's median household income of $57,392 runs 23.3% below the U.S. median of $74,755, reflecting economic challenges shared by many rural Kentucky communities. The gap highlights the need for local economic development.

Below-average earners in Kentucky

Simpson County's median income of $57,392 ranks near the bottom in Kentucky, just 2.6% above the state average of $55,909. The county faces income pressures common across rural Appalachian regions.

Simpson trails similar-sized counties

Simpson County's $57,392 household income lags behind Todd County ($57,759) and significantly trails Trimble County ($67,813) and Taylor County ($61,871). Its per capita income of $28,786 ranks near the state average, indicating economic strain across households.

Housing costs squeeze household budgets

At 21.1%, Simpson County's rent-to-income ratio exceeds the 20% affordability comfort zone, straining household budgets relative to median income. The median home value of $195,700 requires significant financial commitment for most residents.

Start small, build consistent wealth habits

Simpson County residents can build financial security through affordable tools like automatic savings plans, employer retirement benefits, and low-cost index funds. Even modest, consistent contributions to savings and investments compound over time into meaningful wealth.

Frequently Asked Questions

What is the median household income in Simpson County, Kentucky?
The median household income in Simpson County, Kentucky is $57,392, 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 Simpson County?
The per capita income in Simpson County is $28,786, 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 $57,392.
How does Simpson County compare to the Kentucky average?
Simpson County's median household income of $57,392 is higher than the Kentucky state average of $55,909. The per capita income is $28,786, compared to the state average of $29,616.
What is the per capita income in Simpson County, Kentucky?
The per capita income in Simpson County, Kentucky is $28,786, 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 Simpson County income higher than the Kentucky average?
Simpson County's median household income of $57,392 is higher than the Kentucky average of $55,909. This difference of $1,483 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 Simpson County rank for income in Kentucky?
Simpson County ranks #57 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $57,392 and per capita income of $28,786, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Simpson County

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Your income is above the Simpson County median

County median: $57,392 per year

vs. County Median

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vs. State Average

+3%

vs. National Median

-23%

vs. Simpson County MedianAbout equal
vs. Kentucky Average3% above
vs. National Median23% below

Income Adequacy

Monthly income covers median rent4.7x

Your monthly income ($4,783) vs. median rent ($1,011/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.