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Home » United States » Is Kentucky a rich or poor state?

Is Kentucky a rich or poor state?

December 14, 2021 by Trevor Zboncak

The poorest U.S. states can be determined by looking at poverty rates and median household incomes. In 2019, the U.S. poverty rate was 12.3%.
Poorest States 2021.

State Mean Household Income
Kentucky $70,144
Louisiana $71,001
Oklahoma $72,695
South Carolina $73,520

Contents

Is Kentucky a rich state?

Kentucky is the fortieth richest state in the United States of America, with a per capita income of $26,779 (2017).

Is Kentucky a poverty state?

According to the U.S. Census Bureau, the national poverty rate was 10.5% percent or 34 million Americans in 2019. These states and territories have the highest percentages of poverty in the country: Puerto Rico, Mississippi, Louisiana, Kentucky, Arkansas, West Virginia, Alabama, Oklahoma, Tennessee, and South Carolina.

What are the top 5 poorest states?

  • Alabama. Poverty rate: 15.5%
  • West Virginia. Poverty rate: 16.0%
  • Arkansas. Poverty rate: 16.2%
  • Kentucky. Poverty rate: 16.3%
  • New Mexico. Poverty rate: 18.2%
  • Louisiana. Poverty rate: 19.0%
  • Mississippi. Poverty rate: 19.6%
  • Mississippi. Louisiana. New Mexico.

What is Kentucky ranked in poverty?

States, federal district, and territories

Rank State 2019 Poverty rate (percent of persons in poverty)
48 Kentucky 16.3%
49 New Mexico 18.2%
50 Louisiana 19.0%
51 Mississippi 19.6%

How many millionaires are in Kentucky?

Kentucky
Kentucky has fewer than 84,000 millionaire households.

What is the richest part of Kentucky?

  • Place: Glenview (Jefferson County) Estimated Median Household Income (2018): $239,063.
  • Mockingbird Valley (Jefferson County): $223,438.
  • Indian Hills (Jefferson County): $184,375.
  • Anchorage (Jefferson County): $180,833.
  • Maryhill Estates (Jefferson County): $171,250.
  • Hills and Dales (Jefferson County): 158,438.

Which US state is the poorest?

Poorest U.S. States

  1. Mississippi. Mississippi is the poorest U.S. state.
  2. West Virginia. West Virginia is the second-poorest U.S. state, with a $48,850 median household income and a poverty rate of 17.54%.
  3. Louisiana. Lousiana is the third-poorest state.
  4. Arkansas. The fourth-poorest state in the U.S. is Arkansas.
  5. New Mexico.
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How much of Kentucky is on welfare?

Participation in federal programs

Adults and children receiving welfare (TANF): 52,993
Children receiving food stamps (SNAP): 418,362
EITC recipients: 380,000
Families receiving child care subsidies: 8,400
Households receiving federal rental assistance: 85,000

What is the poorest city in Kentucky?

Kentucky: Glasgow
In Glasgow, a town of about 14,000 in southern Kentucky, incomes are even lower. The area’s high poverty rate is indicative of low incomes. Some 29 percent of Glasgow residents live below the poverty line, well above the 18.3 percent state poverty rate and the 14.6 percent national rate.

Which state is richest in USA?

States and territories ranked by median household income

Rank State or territory 2018
1 Washington, D.C. $85,203
2 Maryland $83,242
3 New Jersey $81,740
4 Hawaii $80,212

Is Texas poor?

This statistic shows the poverty rate in Texas from 2000 to 2019. 13.6 percent of Texas’s population lived below the poverty line in 2019.
Poverty rate in Texas from 2000 to 2019.

Characteristic Percentage of population
2019 13.6%
2018 14.9%
2017 14.7%
2016 15.6%

Where is the poorest place in the US?

In the United States (in 2017), the place with the lowest median household income was Little River, California (population 117), while the place with the lowest median household income with a population of more than 1,000 was Comerío Zona Urbana in Comerío, Puerto Rico (population 4,312).

Why is Kentucky so unhealthy?

The foundation said Kentucky’s challenges include a high percentage of physical inactivity, frequent mental distress and a high cancer death rate. Kentucky ranked worst in cancer deaths, with about 233 deaths per 100,000 people.

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How bad is it to live in Kentucky?

Residents who like what they do every day: 70.6% (2nd lowest) Residents w/ a strong social relationship: 76.0% (12th highest) Residents in near perfect physical health: 48.4% (3rd lowest) Poverty rate: 18.5% (4th highest) Violent crime rate: 232.3 per 100,000 (7th lowest) Using your strengths and enjoying what you do

Is Kentucky a friendly state?

Everyone in this state is genuinely and selflessly kind, friendly and helpful.

How many billionaires live in Kentucky?

Table

Rank by Number of Billionaires (9/15/20) State or Federal District Billionaires/ State’s 10M pop. (7/19 Census) (9/15/20)
36 South Dakota 11.30
36 District of Columbia 14.17
27 Kentucky 6.71
25 Utah 12.48

What state do most billionaires live in?

California
Forbes just released the 2021 list of the World’s Billionaires, and California is once again home to more billionaires than any other state, with 189 billionaire residents out of the 2,755 billionaires Forbes tracked globally.

Who are the 10 richest people in Kentucky?

The 10 Richest People in Kentucky

  • Mary Gaylord McLean $2.5 billion.
  • Brad M.
  • Papa John Schnatter Net worth: $1.1 billion.
  • Johnny Depp Net worth: $200 million.
  • John Calipari Net worth: $45 million.
  • Mitch McConnell Net worth: $35 million.
  • Patricia Barnstable Net worth: $16 million.
  • Priscilla Barnstable Net worth: $1.1 million.

Is Kentucky a good place to live?

Kentucky is a great place to move to if you’re drawn to the Southern way of life.Kentucky is also a big state with a lot of open green spaces to explore. It’s most likely that big city problems of crowding and high cost of living won’t follow you to Kentucky, so this makes it a good state to move to.

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What city in KY has the most millionaires?

Louisville is the city with the second most billionaires with the highest combined net worth in Kentucky. There is one billionaire in the city worth an estimated $1.1 billion.
This is the City in Kentucky With the Most Billionaires.

City with the most billionaires: Iowa: Adel
Number of billionaires: 1
Total billionaire net worth: $5.4 billion
Top billionaire: Harry Stine

Filed Under: United States

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About Trevor Zboncak

Trevor Zboncak is a bit of an old grump, but he's also one of the kindest people you'll ever meet. He loves to travel and see new places, but he's not a fan of airports or long flights. Trevor has been all over the world, and he has some amazing stories to tell. He's also a great photographer, and his pictures will take your breath away.

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