These Are The 10 Richest Cities In Kentucky For 2018


We analyzed over 85 places in Kentucky to determine where the 1% live.

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Edgewood, Cold Spring, Union: These cities aren’t just some of the best places to live in Kentucky. They are also home to some of the richest people in the Bluegrass State.

Edgewood in particular houses the richest residents in the state thanks, in part, to a median household income of $89,073 and a ridiculously low poverty rate of 4.2%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Kentucky share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 78 places in Kentucky with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in Kentucky for 2018:

  1. Edgewood (Photos | Homes For Sale)
  2. Cold Spring (Homes For Sale)
  3. Union (Photos | Homes For Sale)
  4. Fort Wright (Photos | Homes For Sale)
  5. Fort Thomas (Photos | Homes For Sale)
  6. Independence (Photos | Homes For Sale)
  7. Fort Mitchell (Photos | Homes For Sale)
  8. Alexandria (Photos | Homes For Sale)
  9. Douglass Hills (Homes For Sale)
  10. Jeffersontown (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Kentucky.

Rich people not your cup of tea? Feel free to check out some more reading about Kentucky:

How We Determined The Richest Places In Kentucky For 2018

Map Of The Richest Places To Live In Kentucky
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 78 places with more than 5,000 people in Kentucky, we ranked each place from 1 to 78 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Edgewood, crowned the “Richest Place In Kentucky For 2018”.

You can learn more about the top ten below or skip to the end to see the rankings for all 78 places.

Edgewood, KY

Source: Public domain
Overall SnackAbility

6
/10

Population: 8,703.0
Median Income: $89,073.0
Unemployment Rate: 2.5%
Poverty Rate: 4.2%
More on Edgewood: Real Estate | Data | Photos

Overall SnackAbility

9.5
/10

Population: 6,168.0
Median Income: $68,483.0
Unemployment Rate: 2.5%
Poverty Rate: 3.6%
More on Cold Spring: Real Estate | Data

Cold Spring is a home rule-class city in Campbell County, Kentucky, in the United States. The population was 5,912 at the 2010 census, up from 3,806 at the 2000 census. It is part of the Cincinnati-Northern Kentucky metropolitan area.

Union, KY

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 5,677.0
Median Income: $100,517.0
Unemployment Rate: 3.3%
Poverty Rate: 5.7%
More on Union: Real Estate | Data | Photos

Union is a home rule-class city in Boone County, Kentucky, United States. The population was 5,379 as of the 2010 United States Census[update]. The area was rural until mass residential growth in the 1990s and 2000s.

Fort Wright, KY

Overall SnackAbility

9
/10

Population: 5,732.0
Median Income: $68,422.0
Unemployment Rate: 3.2%
Poverty Rate: 5.5%
More on Fort Wright: Real Estate | Data | Photos

Fort Wright is a home rule-class city in Kenton County, Kentucky, in the United States. The population was 5,723 at the 2010 census.

Fort Thomas, KY

Source: Public domain
Overall SnackAbility

9.5
/10

Population: 16,317.0
Median Income: $68,333.0
Unemployment Rate: 4.1%
Poverty Rate: 6.6%
More on Fort Thomas: Real Estate | Data | Photos

Fort Thomas is a home rule-class city in Campbell County, Kentucky, United States, on the southern bank of the Ohio River and the site of an 1890 US Army post. The population was 16,325 at the 2010 census, making it the largest city in Campbell County and it is officially part of the Cincinnati – Northern Kentucky metropolitan area.

Independence, KY

Overall SnackAbility

6
/10

Population: 26,317.0
Median Income: $73,038.0
Unemployment Rate: 5.0%
Poverty Rate: 6.9%
More on Independence: Real Estate | Data | Photos

Independence is a home rule-class city in Kenton County, Kentucky, in the United States. It is one of its county’s two seats of government. Independence is a suburb of Cincinnati, Ohio, and the population was 24,757 at the time of the 2010 U.S. census.

Fort Mitchell, KY

Source: Public domain
Overall SnackAbility

9.5
/10

Population: 8,245.0
Median Income: $62,396.0
Unemployment Rate: 2.8%
Poverty Rate: 8.7%
More on Fort Mitchell: Real Estate | Data | Photos

Fort Mitchell is a home rule-class city in Kenton County, Kentucky, in the United States. The population was 8,207 at the 2010 census.

Alexandria, KY

Overall SnackAbility

6
/10

Population: 8,878.0
Median Income: $74,409.0
Unemployment Rate: 4.6%
Poverty Rate: 9.3%
More on Alexandria: Real Estate | Data | Photos

Alexandria is a home rule-class city in Campbell County, Kentucky, in the United States. Along with Newport, it is one of the dual seats of the county. The population was 8,477 at the 2010 census.

Overall SnackAbility

7.5
/10

Population: 5,645.0
Median Income: $63,021.0
Unemployment Rate: 4.6%
Poverty Rate: 7.0%
More on Douglass Hills: Real Estate | Data

Douglass Hills is a home rule-class city in eastern Jefferson County, Kentucky, United States. The population was 5,718 at the 2000 census.

Jeffersontown, KY

Overall SnackAbility

9
/10

Population: 27,395.0
Median Income: $63,439.0
Unemployment Rate: 4.9%
Poverty Rate: 8.1%
More on Jeffersontown: Real Estate | Data | Photos

Jeffersontown is a home rule-class city in Jefferson County, Kentucky, United States. The population was 26,595 at the 2010 U.S. census.

There You Have It – The Wealthiest Places In Kentucky For 2018

Like we said earlier, when we set out to identify the richest places in Kentucky, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Kentucky.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you’re curious enough, here are the poorest cities in Kentucky, according to data:

Poorest: Middlesborough
2nd Poorest: Mayfield
3rd Poorest: Monticello

For more Kentucky reading, check out:

Detailed List Of The Richest Cities In Kentucky

Rank City RichScore Median Income
1 Edgewood 2.17 $89,073
2 Cold Spring 3.17 $68,483
3 Union 3.67 $100,517
4 Fort Wright 5.0 $68,422
5 Fort Thomas 8.0 $68,333
6 Independence 9.33 $73,038
7 Fort Mitchell 9.33 $62,396
8 Alexandria 9.83 $74,409
9 Douglass Hills 10.17 $63,021
10 Jeffersontown 11.33 $63,439
11 Middletown 11.83 $64,479
12 Vine Grove 12.0 $56,162
13 St. Matthews 14.0 $55,791
14 Georgetown 18.67 $60,632
15 La Grange 19.33 $56,087
16 Taylor Mill 19.67 $55,319
17 Mount Washington 19.83 $60,787
18 Erlanger 19.83 $55,982
19 Lyndon 22.67 $51,897
20 Villa Hills 22.67 $85,217
21 Shelbyville 23.5 $44,739
22 Florence 23.67 $53,911
23 Shepherdsville 27.33 $48,174
24 Highland Heights 27.5 $55,457
25 Elsmere 28.0 $52,969
26 Lexington 29.67 $50,661
27 Hillview 30.0 $54,050
28 Bellevue 30.17 $54,554
29 Elizabethtown 30.83 $45,193
30 Flatwoods 31.0 $46,723
31 Lawrenceburg 32.83 $51,977
32 Madisonville 36.5 $40,996
33 Danville 37.0 $37,036
34 Louisville 37.5 $46,881
35 Winchester 39.83 $38,632
36 Wilmore 40.0 $43,375
37 Versailles 40.17 $38,613
38 Oak Grove 40.83 $37,614
39 Frankfort 41.17 $43,275
40 Berea 41.5 $40,141
41 Pikeville 42.83 $34,693
42 Owensboro 44.0 $37,719
43 Morehead 44.5 $36,250
44 Mount Sterling 45.0 $35,980
45 Shively 46.83 $36,312
46 Radcliff 47.0 $46,821
47 Paducah 47.17 $33,574
48 Nicholasville 47.5 $45,169
49 Cynthiana 47.67 $30,130
50 Ashland 48.0 $39,742
51 Bardstown 48.5 $40,353
52 Paris 48.67 $34,470
53 Henderson 49.67 $34,793
54 Dayton 49.67 $38,514
55 Central City 51.67 $37,393
56 Franklin 52.33 $31,367
57 Princeton 53.67 $39,696
58 London 55.0 $33,665
59 Covington 55.33 $37,391
60 Hopkinsville 56.0 $35,567
61 Bowling Green 57.0 $37,183
62 Maysville 59.17 $27,981
63 Williamsburg 60.17 $29,477
64 Leitchfield 60.5 $28,580
65 Murray 62.17 $24,482
66 Hazard 64.5 $35,489
67 Richmond 64.67 $32,436
68 Somerset 64.83 $25,070
69 Russellville 65.33 $29,545
70 Lebanon 66.0 $30,875
71 Newport 66.0 $33,008
72 Glasgow 66.33 $28,362
73 Campbellsville 66.33 $26,733
74 Corbin 66.33 $29,613
75 Harrodsburg 67.33 $31,794
76 Monticello 72.5 $26,005
77 Mayfield 74.67 $26,069
78 Middlesborough 74.67 $22,500

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