Age of householder
Per the latest American Community Survey by the Census Bureau, Bourbon County sees its highest median household income among householders in the age group of 25 to 44 years old, at $81,851. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bourbon County, the median household income stands at $81,851 for householders within the 25 to 44 years age group, followed by $61,453 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $46,390.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $20,830(34.14%), escalating from a median of $61,021 in 2011 to $81,851 in 2021.
- 217(2.67%) households where the householder is under 25 years old.
- 2,120(26.06%) households with a householder aged between 25 and 44 years.
- 3,437(42.25%) households with a householder aged between 45 and 64 years.
- 2,361(29.02%) households where the householder is over 65 years old.
Read more about Bourbon County, KY median household income by age ➔
Gender
In Bourbon County, the population consists of 10,042 males (49.51%) and 10,239 females (50.49%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bourbon County, the median income for all workers aged 15 years and older, regardless of work hours, was $38,917 for males and $26,156 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,711 for males and $48,296 for females.
- In Bourbon County, the median income for all workers aged 15 years and older, regardless of work hours, was $38,917 for males and $26,156 for females.
- In Bourbon County, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,711, while females earned $48,296, resulting in a 12% gender pay gap among full-time workers. This illustrates that women earn 88 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the county of Bourbon County.
Read more about Bourbon County, KY income by gender ➔
Race
In Bourbon County, the population is predominantly White, constituting 87.55% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $57,993.
- In Bourbon County, White is both the largest group and the one with the highest median household income, which stands at $57,993.
- In Bourbon County, the median household income for the households where the householder is White increased by $294(0.51%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,699 in 2011 and $57,993 in 2021.
- In Bourbon County, the median household income for the households where the householder is Black or African American increased by $15,546(68.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $22,536 in 2011 and $38,082 in 2021.
Read more about Bourbon County, KY median household income by race ➔
Year by year
Bourbon County, KY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bourbon County increased by $2,471 (4.48%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 4,303 (from $53,285 to $57,588). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 3,709 (from $56,994 to $53,285).
- It then further increased to $114,365 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4646, it is evident that income distribution in Bourbon County, KY exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $75,213. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,152.
Read more about Bourbon County, KY median household income ➔