Simpson County, Kentucky
Income Data
At a Glance
How Simpson County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
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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%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.