These Are The 10 Richest Cities In Kentucky For 2019


We analyzed 77 places in Kentucky to determine where the 1% live.

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Editor’s Note: Data has been updated for 2019. This is our fifth time ranking the richest cities in Kentucky.

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Edgewood, Cold Spring, Douglass Hills: 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 $93,958 and a ridiculously low poverty rate of 4.1%.

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 2013-2017 American Community Survey for the 77 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 2019:

  1. Edgewood (Photos | Homes For Sale)
  2. Cold Spring (Homes For Sale)
  3. Douglass Hills (Homes For Sale)
  4. Union (Photos | Homes For Sale)
  5. Fort Wright (Photos | Homes For Sale)
  6. Fort Thomas (Photos | Homes For Sale)
  7. Fort Mitchell (Photos | Homes For Sale)
  8. Jeffersontown (Photos | Homes For Sale)
  9. Independence (Photos | Homes For Sale)
  10. Villa Hills (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 2019

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 2013-2017 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 77 places with more than 5,000 people in Kentucky, we ranked each place from 1 to 77 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 City In Kentucky For 2019”.

You can learn more about the top ten below or skip to the end to see the rankings for all 77 places.

Edgewood, KY

Source: Public domain
Overall SnackAbility

6
/10

Population: 8,688
Rank Last Year: 1 (No Change)
Median Income: $93,958
Unemployment Rate: 2.3%
Poverty Rate: 4.1%
More on Edgewood: Real Estate | Data | Photos

Overall SnackAbility

9.5
/10

Population: 6,283
Rank Last Year: 2 (No Change)
Median Income: $68,701
Unemployment Rate: 2.0%
Poverty Rate: 2.7%
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.

Overall SnackAbility

7.5
/10

Population: 5,677
Rank Last Year: 9 (Up 6)
Median Income: $63,904
Unemployment Rate: 2.4%
Poverty Rate: 2.4%
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.

Union, KY

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 5,751
Rank Last Year: 3 (Down 1)
Median Income: $107,361
Unemployment Rate: 4.5%
Poverty Rate: 1.2%
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: 5,718
Rank Last Year: 4 (Down 1)
Median Income: $70,360
Unemployment Rate: 2.2%
Poverty Rate: 7.2%
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: 16,254
Rank Last Year: 5 (Down 1)
Median Income: $71,956
Unemployment Rate: 4.1%
Poverty Rate: 6.2%
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.

Fort Mitchell, KY

Source: Public domain
Overall SnackAbility

9.5
/10

Population: 8,239
Rank Last Year: 6 (Down 1)
Median Income: $64,229
Unemployment Rate: 1.0%
Poverty Rate: 8.5%
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.

Jeffersontown, KY

Overall SnackAbility

9
/10

Population: 27,406
Rank Last Year: 10 (Up 2)
Median Income: $65,556
Unemployment Rate: 4.1%
Poverty Rate: 5.4%
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.

Independence, KY

Overall SnackAbility

6
/10

Population: 26,772
Rank Last Year: 6 (Down 3)
Median Income: $75,647
Unemployment Rate: 4.9%
Poverty Rate: 6.2%
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.

Overall SnackAbility

9.5
/10

Population: 7,397
Rank Last Year: 19 (Up 9)
Median Income: $85,230
Unemployment Rate: 5.1%
Poverty Rate: 7.1%
More on Villa Hills: Real Estate | Data

There You Have It – The Wealthiest Places In Kentucky For 2019

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

For more Kentucky reading, check out:

Detailed List Of The Richest Cities In Kentucky

Rank City RichScore Median Income
1 Edgewood 3.67 $93,958
2 Cold Spring 4.33 $68,701
3 Douglass Hills 6.0 $63,904
4 Union 6.33 $107,361
5 Fort Wright 7.33 $70,360
6 Fort Thomas 8.33 $71,956
7 Fort Mitchell 8.67 $64,229
8 Jeffersontown 8.83 $65,556
9 Independence 11.17 $75,647
10 Villa Hills 12.33 $85,230
11 Alexandria 12.33 $72,721
12 Taylor Mill 14.0 $62,154
13 St. Matthews 14.67 $57,284
14 Middletown 16.33 $61,540
15 Erlanger 18.67 $56,563
16 Vine Grove 20.0 $56,939
17 La Grange 20.33 $60,690
18 Lyndon 20.33 $52,431
19 Shelbyville 20.33 $50,703
20 Georgetown 20.5 $61,427
21 Hillview 22.0 $59,184
22 Mount Washington 22.0 $63,894
23 Bellevue 22.67 $57,038
24 Florence 24.5 $56,670
25 Elsmere 25.67 $55,054
26 Highland Heights 27.0 $51,705
27 Shepherdsville 27.5 $49,765
28 Oak Grove 29.0 $47,338
29 Elizabethtown 29.17 $45,936
30 Flatwoods 32.67 $49,006
31 Wilmore 34.0 $46,833
32 Louisville 34.17 $49,439
33 Lawrenceburg 35.5 $48,750
34 Frankfort 38.0 $45,471
35 Danville 38.33 $37,045
36 Williamsburg 40.83 $32,318
37 Bardstown 40.83 $48,685
38 Versailles 41.17 $38,800
39 Owensboro 42.0 $40,146
40 Madisonville 43.17 $40,411
41 Berea 43.33 $41,503
42 Nicholasville 43.83 $47,669
43 Morehead 45.0 $39,091
44 Henderson 45.17 $36,274
45 Dayton 45.33 $42,436
46 Paris 45.5 $38,526
47 Winchester 45.67 $39,834
48 Mount Sterling 46.67 $41,108
49 Princeton 46.83 $43,958
50 Radcliff 48.0 $44,708
51 Shively 48.0 $38,194
52 Paducah 48.67 $35,581
53 Bowling Green 51.33 $39,901
54 Franklin 52.33 $32,977
55 Pikeville 53.17 $33,125
56 Ashland 53.83 $40,053
57 Hopkinsville 54.67 $37,479
58 Leitchfield 55.17 $29,553
59 Covington 55.67 $38,346
60 Maysville 55.67 $29,852
61 Cynthiana 58.33 $31,286
62 Campbellsville 60.17 $26,412
63 Murray 60.5 $27,282
64 Richmond 60.67 $34,754
65 Central City 61.17 $36,100
66 Monticello 62.33 $31,774
67 Newport 64.0 $33,363
68 Harrodsburg 64.0 $33,449
69 London 65.17 $32,551
70 Corbin 66.5 $31,361
71 Russellville 66.83 $29,143
72 Glasgow 67.0 $30,731
73 Hazard 68.83 $27,209
74 Lebanon 69.0 $29,288
75 Middlesborough 73.0 $22,425
76 Somerset 73.33 $23,518
77 Mayfield 73.67 $25,910

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