These Are The 10 Richest Cities In Kentucky For 2018


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

Join HomeSnacks

Swipe left for slideshow. Article continues below.
Advertisement. Article Continues Below.

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

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 the best places to live in Kentucky or the poorest.

Advertisement. Article Continues Below.

How We Determined The Richest Places In Kentucky For 2018

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.
c
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.

Advertisement. Article Continues Below.

1. Edgewood


Population: 8,703
Median Income: $89,073
Unemployment Rate: 2.5%
Poverty Rate: 4.2%

2. Cold Spring


Population: 6,168
Median Income: $68,483
Unemployment Rate: 2.5%
Poverty Rate: 3.6%
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.

3. Union

Union, Kentucky

Source: Wikipedia

Population: 5,677
Median Income: $100,517
Unemployment Rate: 3.3%
Poverty Rate: 5.7%
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.

4. Fort Wright


Population: 5,732
Median Income: $68,422
Unemployment Rate: 3.2%
Poverty Rate: 5.5%
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.

5. Fort Thomas

Fort Thomas, Kentucky

Source: Wikipedia

Population: 16,317
Median Income: $68,333
Unemployment Rate: 4.1%
Poverty Rate: 6.6%
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.

6. Independence

Independence, Kentucky

Source: Wikipedia

Population: 26,317
Median Income: $73,038
Unemployment Rate: 5.0%
Poverty Rate: 6.9%
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.

7. Fort Mitchell

Fort Mitchell, Kentucky

Source: Wikipedia

Population: 8,245
Median Income: $62,396
Unemployment Rate: 2.8%
Poverty Rate: 8.7%
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.

8. Alexandria

Alexandria, Kentucky

Source: Wikipedia

Population: 8,878
Median Income: $74,409
Unemployment Rate: 4.6%
Poverty Rate: 9.3%
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.

9. Douglass Hills


Population: 5,645
Median Income: $63,021
Unemployment Rate: 4.6%
Poverty Rate: 7.0%
Douglass Hills is a home rule-class city in eastern Jefferson County, Kentucky, United States. The population was 5,718 at the 2000 census.

10. Jeffersontown

Jeffersontown, Kentucky

Source: Wikipedia

Population: 27,395
Median Income: $63,439
Unemployment Rate: 4.9%
Poverty Rate: 8.1%
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 Richest 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:

  • These Are The 10 Dumbest Cities In Kentucky
  • These Are The 10 Snobbiest Places In Kentucky
  • These Are The 10 Safest Places In Kentucky
  • Detailed List Of The Richest Cities In Kentucky

    City Rank Median Income
    Edgewood 1 $89,073
    Cold Spring 2 $68,483
    Union 3 $100,517
    Fort Wright 4 $68,422
    Fort Thomas 5 $68,333
    Independence 6 $73,038
    Fort Mitchell 7 $62,396
    Alexandria 8 $74,409
    Douglass Hills 9 $63,021
    Jeffersontown 10 $63,439
    Middletown 11 $64,479
    Vine Grove 12 $56,162
    St. Matthews 13 $55,791
    Georgetown 14 $60,632
    La Grange 15 $56,087
    Taylor Mill 16 $55,319
    Mount Washington 17 $60,787
    Erlanger 18 $55,982
    Lyndon 19 $51,897
    Villa Hills 20 $85,217
    Shelbyville 21 $44,739
    Florence 22 $53,911
    Shepherdsville 23 $48,174
    Highland Heights 24 $55,457
    Elsmere 25 $52,969
    Lexington 26 $50,661
    Hillview 27 $54,050
    Bellevue 28 $54,554
    Elizabethtown 29 $45,193
    Flatwoods 30 $46,723
    Lawrenceburg 31 $51,977
    Madisonville 32 $40,996
    Danville 33 $37,036
    Louisville 34 $46,881
    Winchester 35 $38,632
    Wilmore 36 $43,375
    Versailles 37 $38,613
    Oak Grove 38 $37,614
    Frankfort 39 $43,275
    Berea 40 $40,141
    Pikeville 41 $34,693
    Owensboro 42 $37,719
    Morehead 43 $36,250
    Mount Sterling 44 $35,980
    Shively 45 $36,312
    Radcliff 46 $46,821
    Paducah 47 $33,574
    Nicholasville 48 $45,169
    Cynthiana 49 $30,130
    Ashland 50 $39,742
    Bardstown 51 $40,353
    Paris 52 $34,470
    Henderson 53 $34,793
    Dayton 54 $38,514
    Central City 55 $37,393
    Franklin 56 $31,367
    Princeton 57 $39,696
    London 58 $33,665
    Covington 59 $37,391
    Hopkinsville 60 $35,567
    Bowling Green 61 $37,183
    Maysville 62 $27,981
    Williamsburg 63 $29,477
    Leitchfield 64 $28,580
    Murray 65 $24,482
    Hazard 66 $35,489
    Richmond 67 $32,436
    Somerset 68 $25,070
    Russellville 69 $29,545
    Lebanon 70 $30,875
    Newport 71 $33,008
    Glasgow 72 $28,362
    Campbellsville 73 $26,733
    Corbin 74 $29,613
    Harrodsburg 75 $31,794
    Monticello 76 $26,005
    Mayfield 77 $26,069
    Middlesborough 78 $22,500

    Like HomeSnacks on Facebook:

    Facebook Discussion

    Leave a Reply

    Your email address will not be published. Required fields are marked *