These are the 10 richest counties in Kentucky, analysis says. How Fayette County fared
A recent analysis named Fayette County seventh among the wealthiest counties in Kentucky.
That’s according to a recent ranking of the richest U.S. counties, which measured income, property values and investment income and was published by tech company SmartAsset. The analysis used data from the U.S. Internal Revenue Service, popular real estate site Zillow and the U.S. Census Bureau for the report.
Fayette County’s median income of $61,526 is about $6,000 more than the statewide midpoint, which is $55,454. Additionally, the county’s investment income is more than $20,000 higher than the state’s figure.
While Fayette County is ranked high in the study, the Census Bureau still reports 14.6% of the county’s population lives in poverty.
Oldham County, which includes the cities of La Grange, Crestwood, Pewee Valley, Goshen, Prospect and Westport, took first place in the ranking with a median income of $109,815.
Here’s a look at the 10 richest counties in Kentucky, according to SmartAsset.
Wealthiest counties in Kentucky
No. 1: Oldham County
- Median income: $109,815
- Investment income: $34,786
- Median home value: $401,782
No. 2: Spencer County
- Median income: $92,973
- Investment income: $11,363
- Median home value: $326,409
Spencer County includes the city of Taylorsville.
No. 3: Woodford County
- Median income: $72,765
- Investment income: $30,984
- Median home value: $284,406
Woodford County consists of the cities Midway and Versailles.
No. 4: Boone County
- Median income: $87,034
- Investment income: $27,032
- Median home value: $294,952
Boone County consists of Florence, Union and Walton.
No. 5: Shelby County
- Median income: $73,974
- Investment income: $41,319
- Median home value: $277,116
Shelby County includes Shelbyville and Simpsonville.
No. 6: Scott County
- Median income: $73,113
- Investment income: $18,641
- Median home value: $275,992
Scott County includes Georgetown.
No. 7: Fayette County
- Median income: $61,526
- Investment income: $41,868
- Median home value: $280,109
No. 8: Jessamine County
- Median income: $65,196
- Investment income: $37,556
- Median home value: $264,819
Jessamine County includes Nicholasville and Wilmore.
No. 9: Jefferson County
- Median income: $61,633
- Investment income: $47,691
- Median home value: $235,446
No. 10: Campbell County
- Median income: $65,580
- Investment income: $31,629
- Median home value: $236,212
Campbell County includes Alexandria, Bellevue and Crestview.
How does Kentucky rank nationally?
Oldham County ranks 173rd nationally in the list of wealthiest counties in the U.S., while Spencer County comes in at spot No. 373. Fayette County took the 662nd slot.
San Mateo County, California took first place in the national ranking with a median income of $136,837 and midpoint home value sitting at more than $1.4 million. Three other California counties took second through fourth place, with Nantucket County in Massachusetts taking fifth.
Counties in New York, Wyoming and Virginia also ranked in the top ten nationally.
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