Kentucky

Income

According to the Bureau of Economic Analysis, in 2001, Kentucky had a per capita personal income (PCPI) of $24,878 which ranked 41st in the United States (including the District of Columbia) and was 82% of the national average, $30,413. The 2001 PCPI reflected an increase of 2.6% from 2000 compared to the national change of 2.2%. In 2001, Kentucky had a total personal income (TPI) of $101,222,546,000 which ranked 26th in the United States and accounted for 1.2% of the national total. The 2001 TPI reflected an increase of 3.1% from 2000 compared to the national change of 3.3%.

Earnings of persons employed in Kentucky increased from $68,851,883,000 in 2000 to $70,491,141,000 in 2001, an increase of 2.4%. The largest industries in 2001 were services, 23.4% of earnings; state and local government, 12.9%; and durable goods manufacturing, 12.5%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was durable goods manufacturing, which decreased 2.5%; the fastest was state and local government, which increased 7.4%.

According to data released by the US Census Bureau, in 2000, the median household income was $37,186 compared to the national average of $42,148. In 2001, the median income for a family of four was $54,319 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 12.4% which placed it 32nd among the 50 states and the District of Columbia ranked lowest to highest.