How Much Do You Need To Make To Live In Kentucky?

What is the average income in the state of Kentucky?

$50,247In 2018, Kentucky had a population of 4.47M people with a median age of 39.1 and a median household income of $50,247.

Between 2017 and 2018 the population of Kentucky grew from 4.45M to 4.47M, a 0.319% increase and its median household income grew from $48,375 to $50,247, a 3.87% increase..

What is the minimum wage in Kentucky 2020?

$8.20The Kentucky lawmakers’ plan calls for gradual increases to Kentucky’s minimum wage, starting with a bump to $8.20 in 2020. Two Kentucky Democrats are preparing to introduce legislation that would eventually increase the state’s minimum wage to $15 an hour.

Is Kentucky a rich or poor state?

According to data released Thursday by the U.S. Census Bureau, 17.2 percent of Kentuckians lived in poverty in 2017, an improvement over the 18.5 percent state poverty rate in 2016. But that rate still leaves Kentucky the fifth poorest state in the United States.

Is Kentucky a poor state?

Washington, D.C. –Kentucky houses some of the hungriest and poorest number of Americans, according to a Bread for the World analysis of the latest U.S. Census data. Over 49 million Americans were at risk of hunger and 45 million Americans lived in poverty last year.

What is a livable wage in Kentucky?

Living Wage Calculation for Kentucky1 ADULT0 Children1 ChildLiving Wage$10.98$23.19Poverty Wage$6.00$8.13Minimum Wage$7.25$7.25

What is the most dangerous city in Kentucky?

PaducahIt may surprise you that Paducah comes in as the most dangerous city in Kentucky. With a population of over 24,000 and 93 violent crimes, that does seem fairly high. But don’t let that deter you from visiting this beautiful, riverfront city.

What is the safest city in Kentucky?

The 20 Safest Cities in Kentucky#1. Greenville. +11. Population 4,239. … #2. Columbia. +23. Population 4,927. … #3. Fort Thomas. +11. Population 16,274. … #4. Villa Hills. +4. Population 7,455. … #5. Prospect. -3. Population 4,956. … #6. Highland Heights. +26. Population 7,112. … #7. Flatwoods. +10. Population 7,136. … #8. Fort Mitchell. +13. Population 8,260.More items…•

Who is the richest person in KY?

Tamara GustavsonAccording to an annual list published by Forbes on Wednesday, Tamara Gustavson is the wealthiest person in the Bluegrass State with a net worth of $5.7 billion.

Is Kentucky a cheap state to live in?

Kentucky has about a 21% cheaper cost of living than any other state. The friendly people and the beautiful countryside make it a desirable place to call home. Each of these towns is recognized for the reasonable housing, pleasant environment and peaceful surroundings.

What is Kentucky’s main source of income?

Manufacturing. Manufacturing is the largest single contributor to Kentucky’s economy, accounting for nearly one-fifth of the state’s gross product.

What is the poorest part of Kentucky?

Martin County, Kentucky Currently, Martin County’s population is one of the poorest in the United States. Nearly 30 percent of county residents live in poverty, and most households earn less than $30,000 a year.

What is the highest paying job in Kentucky?

Here’s a quick look at the top ten highest paying jobs in Kentucky:Surgeons, Except Ophthalmologists.Anesthesiologists.Obstetricians and Gynecologists.Physicians, All Other; and Ophthalmologists, Except Pediatric.Psychiatrists.General Internal Medicine Physicians.Family Medicine Physicians.Pediatricians, General.More items…•

What is considered low income in KY?

Research suggests that, on average, families need an income of about twice the federal poverty threshold to meet their most basic needs. Children living in families with incomes below this level—$50,200 for a family of four with two children in 2018—are referred to as low income.

Where is the cheapest place to live in Kentucky?

The Most Affordable Places To Live In KentuckyRankCityPopulation1Princeton6,1572Central City5,8223Flatwoods7,1864Bellevue5,82830 more rows

What’s the richest town in Kentucky?

FrancisvilleThe richest town in Kentucky, according to the list, is Francisville, which is located west of Cincinnati near the Cincinnati/Northern Kentucky International Airport. The town of 9,217 has median household income of $105,552, which is well above the state’s median income of $42,958.