Some of the richest cities in Kentucky are suburbs of Louisville, equivalent to Glenview and … [+]
In recent studies, we analyzed and identified the wealthiest cities in several states, including North Dakota, Pennsylvania, and North Carolina, amongst others. Here we turn our attention to Kentucky. To discover the richest cities in KentuckyWe have created a rating system for essential financial aspects.
We analyzed over 556 cities within the state to find out the wealthiest cities Kentucky. The way we assessed and scored each city’s rating is detailed below. Read on to seek out out what the richest city in Kentucky is and the 50 richest cities within the state overall.
What are the richest cities in Kentucky?
To compile an inventory of the richest cities in Kentucky, we pulled data from the United States Census Bureau’s 2022 American Community Surveyand we developed a four-factor scoring system to discover the richest cities in Kentucky:
- Median household income
- Median (average) household income
- Average house value
- Average property taxes paid
Census data has caps on numbers for certain aspects. For example, the Census Bureau sets a cap of “$250,000+” for median household income. For the common home value, the cap is “$2,000,000+.” Finally, the cap on average property taxes paid is “$10,000+.” For these reasons, the common household income data set is critical since the Census Bureau has accurate numbers. All 4 of those metrics were evaluated, added together, after which ranked based on the cities’ combined scores.
Below is a table of the 50 wealthiest cities in Kentucky and their respective dollar figures for every metric:
The No. 1 richest city in Kentucky in our rating is Glenview, a city of just 239 households northeast of Louisville, near the Ohio River. In Glenview, the median household income is over $250,000, while the median household income is $508,303, the very best in Kentucky. The reported average home value in Glenview can be the very best in our study at $1,002,500, and average property taxes paid are slightly below the census cap of $10,000 per yr. That’s not surprising for Kentucky’s richest city US date, the fundamental occupation by employment is management occupations, accounting for 28% of the workforce, followed by health diagnostic and treatment occupations and other technical occupations, accounting for twenty-four.5% of the workforce. This is followed by legal professions with 11.3% of the workforce. The top three industries in Glenview are healthcare and human services (24.5% of the workforce), skilled, scientific and technical services (24.1% of the workforce), and finance and insurance (14.4% of the workforce).
The second richest city in Kentucky is Mockingbird Valley, a suburb of Louisville and never removed from Glenview. Mockingbird Valley has just 67 total households and a median household income of over $250,000, the identical as Glenview. Like Glenview, the common annual property tax paid is over $9,000, while the common home value in Mockingbird Valley is $985,000. Mockingbird Valley’s median household income is the second highest in Kentucky at $418,899, which is about $90,000 lower than Glenview’s median income. The healthcare industry in Mockingbird Valley is big, with 42.9% of the workforce working in health and human services.
The third richest city in Kentucky is Anchorage, a city with 812 households, the identical as No. 1 Glenview and No. 2 Mockingbird Valley is situated in Louisville. Anchorage has a median household income of $202,917 and the third highest median household income of $314,691. The reported average home value in Anchorage is $749,000, with the common property tax paid per yr being over $8,000. Accordingly US dateManagement occupations employ the very best proportion of the workforce at 30.9%, followed by health diagnostics and treatment occupations and other technical occupations at 13.2%. When taking a look at the industries with probably the most jobs, the highest ones in Anchorage are health care and human services (19.8% of the workforce), educational services (11% of the workforce), and skilled, scientific and technical services (10.7% of the workforce). workforce). workforce).
Of the 50 richest cities in Kentucky, Francisville is the most important with 3,355 households. Francisville is situated west of Cincinnati on the Kentucky side of the Ohio River. In Francisville, the median household income is $145,304, while the median household income is $156,842.
