Spencer County, Kentucky

The median household income in Spencer County, Kentucky is $98,333, 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.

The per capita income in Spencer County is $40,963, 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 $98,333.

Spencer County's median household income of $98,333 is higher than the Kentucky state average of $55,909. The per capita income is $40,963, compared to the state average of $29,616.

The per capita income in Spencer County, Kentucky is $40,963, 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.

Spencer County's median household income of $98,333 is higher than the Kentucky average of $55,909. This difference of $42,424 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.

Spencer County ranks #2 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $98,333 and per capita income of $40,963, it falls in the top third of counties statewide.