The 10 Richest Cities In Kentucky For 2021


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

Editor’s Note: Data has been updated for 2021. This is our seventh time ranking the richest cities in Kentucky.

Did you know that the bigger the hat you wear to the Kentucky Derby in Louisville, the more money people think you have?

All joking aside, HomeSnacks is here to tell you where the richest places are located in Kentucky for 2021 and we've listed them below.

If you ask any one of Kentucky's 4.5 million residents they will say that their corner of the Bluegrass State is pretty cool; but if you ask the one percent, they will say that their Kentucky city is the best. Probably why many of the states richest places are also the Kentucky's best. And like the rest of the country, the wealthy in Kentucky spare no expense, so that's why we looked at factors like, but not limited to, median income data, education levels, and fancy amenities for 78 Kentucky places with at least 5,000 residents to narrow down Kentucky's most well-to-do places.

And, folks, if you guessed that Bowling Green and Owensboro made the list, guess again. Actually, many of Kentucky's most affluent places are centered around the state's eighth largest city, Florence. Are you at all surprised? We aren't. Florence is super safe and this key attribute is definitely trickling down to Kentucky's richest places.

Want to know more? We suggest you grab a mint julep, a sunny spot at Churchill Downs, and read on to see where Kentucky "Richie Rich" live.

If you're wondering how to get your hands on one of Kentucky's richest places, you can start by researching a list of Kentucky's highest paying jobs because you're going to need to make at least $62,654/year to keep up with the Joneses in these places.

So, what is the richest place in Kentucky for 2021? According to the latest data,that honor goes to Union.

To see what other wealthy Kentucky cities made the list, hit that down arrow. And if you have a second, take a look at Kentucky's poorest places, it will definitely put this list in perspective.

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

The 10 Richest Cities In Kentucky For 2021

1. Union

Union, KY

Source: Public domain
Overall SnackAbility

7
/10

Population: 5,910
Rank Last Year: 2 (Up 1)
Median Income: $125,051
Unemployment Rate: 1.9%
Poverty Rate: 0.9%
More on Union: Real Estate | Photos

2. Fort Wright

Fort Wright, KY

Overall SnackAbility

9
/10

Population: 5,745
Rank Last Year: 3 (Up 1)
Median Income: $85,794
Unemployment Rate: 1.9%
Poverty Rate: 3.9%
More on Fort Wright: Real Estate | Photos

3. Edgewood

Edgewood, KY

Source: Public domain
Overall SnackAbility

7
/10

Population: 8,745
Rank Last Year: 1 (Down 2)
Median Income: $104,912
Unemployment Rate: 2.4%
Poverty Rate: 2.2%
More on Edgewood: Real Estate | Photos

4. Douglass Hills

Overall SnackAbility

7.5
/10

Population: 5,710
Rank Last Year: 6 (Up 2)
Median Income: $74,485
Unemployment Rate: 2.5%
Poverty Rate: 0.8%
More on Douglass Hills: Real Estate

5. Villa Hills

Overall SnackAbility

9.5
/10

Population: 7,449
Rank Last Year: 11 (Up 6)
Median Income: $90,929
Unemployment Rate: 3.1%
Poverty Rate: 5.2%
More on Villa Hills: Real Estate

6. Fort Mitchell

Fort Mitchell, KY

Source: Public domain
Overall SnackAbility

9.5
/10

Population: 8,257
Rank Last Year: 5 (Down 1)
Median Income: $67,745
Unemployment Rate: 0.5%
Poverty Rate: 5.5%
More on Fort Mitchell: Real Estate | Photos

7. Fort Thomas

Fort Thomas, KY

Source: Public domain
Overall SnackAbility

10
/10

Population: 16,308
Rank Last Year: 7 (No Change)
Median Income: $78,972
Unemployment Rate: 2.9%
Poverty Rate: 5.2%
More on Fort Thomas: Real Estate | Photos

8. Independence

Independence, KY

Overall SnackAbility

6
/10

Population: 27,683
Rank Last Year: 12 (Up 4)
Median Income: $81,657
Unemployment Rate: 3.0%
Poverty Rate: 5.6%
More on Independence: Real Estate | Photos

9. Hillview

Hillview, KY

Source: Wikipedia
Overall SnackAbility

8.5
/10

Population: 9,071
Rank Last Year: 8 (Down 1)
Median Income: $62,654
Unemployment Rate: 2.9%
Poverty Rate: 4.1%
More on Hillview: Real Estate | Photos

10. Cold Spring

Cold Spring, KY

Overall SnackAbility

9
/10

Population: 6,401
Rank Last Year: 4 (Down 6)
Median Income: $77,774
Unemployment Rate: 3.7%
Poverty Rate: 3.4%
More on Cold Spring: Real Estate | Photos

How We Determined The Richest Places In Kentucky For 2021

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 2015-2019 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, Union, crowned the "Richest City In Kentucky For 2021". You can download the data here.

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

There You Have It - The Wealthiest Places In Kentucky For 2021

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

For more Kentucky reading, check out:

Detailed List Of The Richest Cities In Kentucky

Rank City RichScore Median Income
1 Union 2.0 $125,051
2 Fort Wright 3.67 $85,794
3 Edgewood 3.67 $104,912
4 Douglass Hills 6.0 $74,485
5 Villa Hills 8.0 $90,929
6 Fort Mitchell 8.33 $67,745
7 Fort Thomas 8.67 $78,972
8 Independence 9.0 $81,657
9 Hillview 11.0 $62,654
10 Cold Spring 12.0 $77,774
11 Taylor Mill 15.33 $68,031
12 Mount Washington 15.67 $69,214
13 St. Matthews 15.67 $62,152
14 Middletown 16.0 $75,098
15 Jeffersontown 16.33 $68,803
16 Alexandria 16.67 $81,159
17 La Grange 17.33 $59,928
18 Erlanger 17.33 $64,460
19 Georgetown 19.67 $65,812
20 Vine Grove 21.33 $62,596
21 Bellevue 22.67 $63,415
22 Lyndon 22.67 $57,472
23 Shelbyville 23.0 $61,269
24 Shepherdsville 25.33 $52,448
25 Florence 26.67 $57,348
26 Highland Heights 29.0 $46,979
27 Princeton 30.0 $40,574
28 Frankfort 30.0 $50,211
29 Lexington 30.67 $57,291
30 Bardstown 32.0 $54,328
31 Elsmere 34.33 $54,602
32 Louisville 35.0 $53,436
33 Wilmore 35.0 $50,662
34 Elizabethtown 37.33 $46,754
35 Berea 38.0 $44,292
36 Flatwoods 41.0 $49,073
37 Dayton 41.0 $52,515
38 Franklin 42.0 $42,620
39 Paris 43.0 $42,550
40 Owensboro 44.67 $43,369
41 Versailles 45.33 $41,151
42 Winchester 45.33 $44,747
43 Central City 45.33 $42,400
44 Lawrenceburg 45.67 $50,382
45 Paducah 46.0 $39,266
46 London 47.0 $37,175
47 Leitchfield 47.67 $31,221
48 Nicholasville 48.33 $48,242
49 Henderson 49.0 $39,887
50 Danville 49.67 $39,906
51 Shively 50.33 $39,048
52 Radcliff 50.67 $46,105
53 Bowling Green 50.67 $42,216
54 Madisonville 51.0 $44,720
55 Hazard 52.33 $50,078
56 Oak Grove 53.67 $44,013
57 Hopkinsville 54.33 $41,597
58 Covington 54.67 $43,437
59 Corbin 55.33 $40,119
60 Murray 56.0 $30,576
61 Harrodsburg 57.33 $39,449
62 Mount Sterling 57.67 $42,460
63 Cynthiana 59.33 $33,714
64 Maysville 59.67 $35,102
65 Ashland 60.0 $40,917
66 Pikeville 60.0 $32,281
67 Newport 60.33 $37,435
68 Morehead 61.67 $29,838
69 Campbellsville 62.0 $31,107
70 Richmond 65.33 $36,302
71 Glasgow 65.67 $35,138
72 Russellville 66.33 $36,840
73 Monticello 71.67 $31,639
74 Williamsburg 72.33 $27,342
75 Somerset 73.0 $29,611
76 Mayfield 74.0 $32,289
77 Middlesborough 74.0 $25,488
78 Lebanon 75.33 $30,031

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About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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