Average Income in Lexington, KY
About Lexington, Kentucky
Lexington anchors Kentucky's economy as a horse-racing hub, education center, and healthcare base across 12 ZIP codes. University of Kentucky drives employment in education, research, and administration. Healthcare employment through UK Hospital and others provides substantial professional opportunity. Horse racing and thoroughbred industry (Keeneland, stallion operations) create specialized high-wage employment. Bourbon production and related agricultural operations support regional commerce. Professional services and finance maintain presence. Downtown and Northside areas attract younger professionals and cultural development. South Lexington and surrounding areas offer more affluent residential areas. West Lexington concentrates lower-income communities. Kentucky's moderate income tax (up to 6%) and no local income tax provide cost-of-living advantages. Housing costs remain reasonable, supporting homeownership across income levels. University employment provides stability and benefits. The combination of education, healthcare, and horse industry creates relative income diversity and opportunity.
All 14 ZIP Codes in Lexington, KY
| ZIP Code | Avg AGI ▼ | Returns | National Rank | % Under $25K | % Over $200K |
|---|---|---|---|---|---|
| 40510 | $187,523 | 470 | #1,034 | 23.4% | 17.0% |
| 40502 | $163,657 | 12,670 | #1,416 | 22.2% | 19.9% |
| 40513 | $158,761 | 5,320 | #1,529 | 21.8% | 22.0% |
| 40507 | $139,316 | 960 | #2,053 | 27.1% | 12.5% |
| 40516 | $100,728 | 1,300 | #4,572 | 26.9% | 10.0% |
| 40515 | $99,855 | 17,640 | #4,687 | 24.6% | 9.4% |
| 40509 | $98,609 | 21,090 | #4,831 | 24.2% | 10.1% |
| 40514 | $83,521 | 7,870 | #7,750 | 22.5% | 6.4% |
| 40503 | $82,626 | 13,000 | #8,002 | 25.2% | 6.2% |
| 40511 | $77,818 | 17,200 | #9,548 | 27.9% | 3.1% |
| 40505 | $52,594 | 11,470 | #23,021 | 35.4% | 1.6% |
| 40504 | $51,882 | 10,610 | #23,379 | 37.7% | 2.4% |
| 40508 | $49,513 | 7,050 | #24,440 | 46.7% | 3.4% |
| 40517 | $48,012 | 17,210 | #25,005 | 33.5% | 1.2% |
Nearby Major Cities
Closest cities with 50,000+ tax returns filed, sorted by distance from Lexington.
| City | State | Avg AGI | Returns | ZIPs | Distance |
|---|---|---|---|---|---|
| Louisville | KY | $73,230 | 131,160 | 15 | 68 mi |
| Cincinnati | OH | $84,663 | 126,940 | 20 | 78 mi |
| Dayton | OH | $60,444 | 87,270 | 13 | 121 mi |
| Knoxville | TN | $85,647 | 125,390 | 13 | 144 mi |
| Southport | IN | $62,130 | 64,650 | 3 | 146 mi |
| Indianapolis | IN | $66,499 | 150,250 | 12 | 150 mi |
| Columbus | OH | $65,553 | 255,800 | 22 | 157 mi |
| Evansville | IN | $61,857 | 77,320 | 8 | 166 mi |
| Westerville | OH | $105,446 | 50,730 | 2 | 170 mi |
| Murfreesboro | TN | $78,465 | 56,840 | 2 | 181 mi |