The 10 Richest Cities In Kentucky For 2022


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

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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 2022 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 $70,952/year to keep up with the Joneses in these places.

So, what is the richest place in Kentucky for 2022? 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 2022

1. Union

Union, KY

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 5,988
Rank Last Year: 1 (No Change)
Median Income: $123,630
Unemployment Rate: 2.0%
Poverty Rate: 0.8%
More on Union: Real Estate | Photos

2. Fort Wright

Fort Wright, KY

Overall SnackAbility

9.5
/10

Population: 5,766
Rank Last Year: 2 (No Change)
Median Income: $86,208
Unemployment Rate: 0.9%
Poverty Rate: 3.6%
More on Fort Wright: Real Estate | Photos

3. Edgewood

Edgewood, KY

Source: Public domain
Overall SnackAbility

7
/10

Population: 8,779
Rank Last Year: 3 (No Change)
Median Income: $105,714
Unemployment Rate: 2.1%
Poverty Rate: 2.6%
More on Edgewood: Real Estate | Photos

4. Fort Mitchell

Fort Mitchell, KY

Source: Public domain
Overall SnackAbility

9
/10

Population: 8,278
Rank Last Year: 6 (Up 2)
Median Income: $72,376
Unemployment Rate: 1.7%
Poverty Rate: 4.2%
More on Fort Mitchell: Real Estate | Photos

5. Villa Hills

Overall SnackAbility

9
/10

Population: 7,475
Rank Last Year: 5 (No Change)
Median Income: $91,166
Unemployment Rate: 3.5%
Poverty Rate: 4.3%
More on Villa Hills: Real Estate

6. Taylor Mill

Overall SnackAbility

8.5
/10

Population: 6,805
Rank Last Year: 11 (Up 5)
Median Income: $70,952
Unemployment Rate: 1.6%
Poverty Rate: 8.5%
More on Taylor Mill: Real Estate

7. Fort Thomas

Fort Thomas, KY

Source: Public domain
Overall SnackAbility

9.5
/10

Population: 16,335
Rank Last Year: 7 (No Change)
Median Income: $80,549
Unemployment Rate: 3.7%
Poverty Rate: 5.4%
More on Fort Thomas: Real Estate | Photos

8. Cold Spring

Cold Spring, KY

Overall SnackAbility

9
/10

Population: 6,481
Rank Last Year: 10 (Up 2)
Median Income: $72,756
Unemployment Rate: 3.5%
Poverty Rate: 5.5%
More on Cold Spring: Real Estate | Photos

9. Independence

Independence, KY

Overall SnackAbility

6
/10

Population: 28,119
Rank Last Year: 8 (Down 1)
Median Income: $79,929
Unemployment Rate: 3.1%
Poverty Rate: 8.5%
More on Independence: Real Estate | Photos

10. Alexandria

Alexandria, KY

Overall SnackAbility

6
/10

Population: 9,600
Rank Last Year: 16 (Up 6)
Median Income: $83,923
Unemployment Rate: 4.0%
Poverty Rate: 6.0%
More on Alexandria: Real Estate | Photos

Methodology: How We Determined The Richest Places In Kentucky For 2022

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 2016-2020 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 2022”. 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.

Summary: The Wealthiest Places In Kentucky For 2022

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

For more Kentucky reading, check out:

Detailed List Of The Richest Cities In Kentucky

Rank City RichScore Median Income
1 Union 2.67 $123,630
2 Fort Wright 3.67 $86,208
3 Edgewood 4.0 $105,714
4 Fort Mitchell 7.67 $72,376
5 Villa Hills 9.0 $91,166
6 Taylor Mill 11.67 $70,952
7 Fort Thomas 12.33 $80,549
8 Cold Spring 12.33 $72,756
9 Independence 12.67 $79,929
10 Alexandria 15.0 $83,923
11 Wilmore 15.67 $65,964
12 La Grange 17.67 $69,655
13 Bellevue 18.33 $68,819
14 St. Matthews 18.33 $67,105
15 Jeffersontown 18.67 $70,951
16 Douglass Hills 19.0 $77,321
17 Georgetown 19.33 $66,972
18 Lyndon 21.33 $58,538
19 Florence 21.67 $60,018
20 Mount Washington 22.67 $74,817
21 Shelbyville 23.33 $65,986
22 Crestwood 23.67 $98,345
23 Erlanger 24.33 $70,589
24 Hillview 25.33 $56,523
25 Shepherdsville 25.67 $64,798
26 Middletown 26.67 $75,207
27 Vine Grove 27.33 $69,107
28 Elsmere 29.33 $55,916
29 Flatwoods 30.33 $52,773
30 Bardstown 30.67 $52,604
31 Central City 31.33 $51,063
32 Princeton 32.0 $45,047
33 Lexington 34.0 $58,954
34 Versailles 34.0 $46,922
35 Louisville 36.33 $54,929
36 Elizabethtown 36.67 $47,270
37 Frankfort 38.67 $50,602
38 Highland Heights 39.33 $41,324
39 Owensboro 40.67 $46,193
40 Nicholasville 41.33 $54,575
41 Paducah 42.33 $39,061
42 Harrodsburg 42.33 $41,901
43 London 45.0 $40,574
44 Lawrenceburg 45.67 $49,328
45 Paris 46.0 $41,234
46 Henderson 46.0 $40,360
47 Franklin 46.33 $45,983
48 Dayton 46.33 $53,345
49 Berea 46.33 $44,357
50 Leitchfield 48.0 $34,091
51 Covington 50.0 $46,035
52 Winchester 50.33 $43,415
53 Cynthiana 51.33 $38,526
54 Shively 53.0 $41,455
55 Radcliff 53.33 $45,463
56 Danville 53.67 $42,068
57 Bowling Green 54.67 $42,044
58 Ashland 55.33 $42,639
59 Maysville 56.0 $36,480
60 Madisonville 57.0 $43,193
61 Corbin 58.0 $39,260
62 Pikeville 58.67 $39,122
63 Campbellsville 58.67 $40,705
64 Hopkinsville 59.0 $39,743
65 Murray 59.0 $31,827
66 Oak Grove 59.33 $39,219
67 Newport 60.0 $39,335
68 Mount Sterling 61.33 $41,474
69 Morehead 64.67 $29,779
70 Russellville 65.0 $34,078
71 Richmond 66.0 $39,329
72 Glasgow 68.0 $37,479
73 Middlesborough 70.33 $29,114
74 Williamsburg 72.0 $30,391
75 Monticello 72.67 $36,956
76 Mayfield 74.33 $36,485
77 Lebanon 74.33 $30,168
78 Somerset 76.0 $27,739

How Is The Area In ?

Editor’s Note: Data has been updated for 2022. This is our ninth time ranking the richest cities in Kentucky.

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.