Booneville, KY

Census Place

2024 Population

187

US Senator

Mitch McConnell

Republican Party

US Senator

Rand Paul

Republican Party

2024 Median Age

36.9

4.9% 1-year decrease

2024 Poverty Rate

17.1%

51.9% 1-year increase

2024 Median Household Income

$48,125

8.33% 1-year decline

2024 Median Property Value

$205,800

1.48% 1-year decline

Economy

The economy of Booneville, KY employs 113 people. In 2024, the largest industries in Booneville, KY were Other Services, Except Public Administration (45 people), Retail Trade (25 people), and Utilities (23 people), and the highest paying industries were Transportation & Warehousing, & Utilities ($60,357), Retail Trade ($16,750), and Educational Services, & Health Care & Social Assistance ($14,583).

Employment

Occupations

113

2024 Value

± 112

29.9%

1 Year growth

± 117%

From 2023 to 2024, employment in Booneville, KY grew at a rate of 29.9%, from 87 employees to 113 employees.

The most common job groups, by number of people living in Booneville, KY, are Community & Social Service Occupations (30 people), Office & Administrative Support Occupations (29 people), and Personal Care & Service Occupations (15 people). This chart illustrates the share breakdown of the primary jobs held by residents of Booneville, KY.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Kentucky.

This chart shows weekly unemployment insurance claims in Kentucky (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

113

2024 Value

± 112

29.9%

1 Year growth

± 117%

From 2023 to 2024, employment in Booneville, KY grew at a rate of 29.9%, from 87 employees to 113 employees.

The most common employment sectors for those who live in Booneville, KY, are Other Services, Except Public Administration (45 people), Retail Trade (25 people), and Utilities (23 people). This chart shows the share breakdown of the primary industries for residents of Booneville, KY, though some of these residents may live in Booneville, KY and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$33,083

Median earning men ± $21,253

$45,167

Median earning women ± $31,174

The industries with the best median earnings for men in 2024 are Transportation & Warehousing, & Utilities ($60,357) and Retail Trade ($23,750).

The industries with the best median earnings for women in 2024 are .

Housing & Living

The median property value in Booneville, KY was $205,800 in 2024, which is 0.619 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $208,900 to $205,800, a 1.48% decrease. The homeownership rate in Booneville, KY is 38.6%, which is lower than the national average of 65.2%.

People in Booneville, KY have an average commute time of 10.7 minutes, and they drove alone to work. Car ownership in Booneville, KY is higher than the national average, with an average of 4 cars per household.

Housing

Property

$205,800

Median Property Value 2024

±$116,034

$27

Median Property Taxes

±$33

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Booneville, KY the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Booneville, KY compared to it's parent and neighbor geographies.

Rent vs Own

38.6%

Homeownership

2024

42.9%

Homeowners with Mortgage

2024

In 2024, 38.6% of the housing units in Booneville, KY were occupied by their owner. This percentage declined from the previous year's rate of 42.6%.

This chart shows the percentage of owner in Booneville, KY compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$48,125

Median Household Income

± $38,702

Number of Households

± 47

In 2024, the median household income of the 70 households in Booneville, KY declined from $48,125 from the previous year's value of $52,500.

The following chart displays the households in Booneville, KY distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $60k - $75k range.

Wage Distribution

The closest comparable wage GINI for Booneville, KY is from Kentucky.

0.446

2024 Wage GINI in Kentucky

0.449

2023 Wage GINI in Kentucky

In 2024, the income inequality in Kentucky was 0.446 according to the GINI calculation of the wage distribution. Income inequality had a 0.585% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Kentucky was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Kentucky in comparison to the national average.

This chart shows the number of workers in Kentucky across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (50.4%)
Other (28.3%)
Carpooled (20.4%)

In 2024, 50.4% of workers in Booneville, KY drove alone to work, followed by those who used some unspecified means to get work (28.3%) and those who carpooled to work (20.4%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

10.7 minutes

Average Travel Time

Using averages, employees in Booneville, KY have a shorter commute time (10.7 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Booneville, KY have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Booneville, KY compares to that of it's neighboring and parent geographies.

Car Ownership

4 cars

Average Number

The following chart displays the households in Booneville, KY distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Booneville, KY have 4 cars.

Poverty

Poverty & Diversity

17.1% of the population for whom poverty status is determined in Booneville, KY (32 out of 187 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 35 - 44, followed by Males 12 - 14 and then Females 55 - 64.

The most common racial or ethnic group living below the poverty line in Booneville, KY is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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