Woodford County, Kentucky
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Woodford County Compares
Detailed Income Statistics
Income Advisory: Woodford County
Income Verdict
Woodford County has a median household income of $80,006 and per capita income of $42,152 — a gap of $37,854, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,000/month and a median household income of $80,006, rent consumes approximately 15.0% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $80,006 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $42,152 is in line with national norms for individual earners.
Neighbor Context
Woodford County earns approximately 43.1% above the Kentucky state median household income of $55,909, positioning it favorably within the state.
Data Story
About Household Income in Woodford County, Kentucky
Woodford County exceeds national average
Woodford County's median household income of $80,006 surpasses the U.S. median of $74,755 by $5,251, placing it solidly in the national upper-middle class. This achievement ranks Woodford among Kentucky's most prosperous counties.
Kentucky's top-earning county
Woodford County's $80,006 median towers $24,097 above Kentucky's state average of $55,909, making it the clear income leader among all counties analyzed. The county represents Kentucky's economic pinnacle and a national model of rural prosperity.
Decisive economic leader in the region
Woodford County's $80,006 median substantially exceeds all peer counties—Warren ($64,801), Union ($60,989), Washington ($59,762), and dramatically outpaces struggling Wayne ($41,933) and Whitley ($41,719). This dominance reflects Woodford's role as a regional economic engine and wealth anchor.
Excellent affordability despite premium homes
Woodford County's 15.0% rent-to-income ratio demonstrates exceptional affordability, with housing costs remaining minimal relative to household earnings. The median home value of $270,400 reflects robust property appreciation and genuine wealth-building through homeownership.
Maximize wealth-building opportunities
Woodford County households have substantial capacity to invest beyond mortgages, building generational wealth through diversified portfolios, education funds, and entrepreneurship. Prioritize maxing retirement contributions, real estate investments, and wealth transfer strategies to compound advantages.
Frequently Asked Questions
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How does Woodford County compare to the Kentucky average?
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How does Woodford County rank for income in Kentucky?
Income Comparison Calculator
See how your household income compares in Woodford County
Your income is above the Woodford County median
County median: $80,006 per year
vs. County Median
+0%
vs. State Average
+43%
vs. National Median
+7%
Income Adequacy
Your monthly income ($6,667) vs. median rent ($1,000/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.