1st Advantage MortgageThe median Woodford County household earns $83,788, and 11% of residents live below the poverty line. Whatever your own numbers, compare written offers on APR, fees and total cost, and verify the lender is licensed in Kentucky before sharing details.
On this page
- Woodford County, KY: the basics
- Paychecks and income spread in Woodford County
- Renting and owning in Woodford County
- Jobs and commutes in Woodford County
- Woodford County towns compared
- The counties around Woodford County
- More Woodford County figures
- Before borrowing in Woodford County
- A Woodford County household budget, worked through
- Four steps for Woodford County borrowers
- Kentucky rules that apply in Woodford County
- Related local guides
- Frequently asked questions
Woodford County, KY: the basics
The latest five-year Census estimate puts Woodford County's population at 27,279; only 39 of Kentucky's 120 county-level areas are larger. It covers 190 square miles of land, or about 144 people per square mile. It is one of the counties that make up the Lexington-Fayette, KY metropolitan statistical area (OMB, 2023). Of the 2 Census places inside Woodford County, Versailles leads by population with about 10,492; 2 of the 2 are incorporated.
Paychecks and income spread in Woodford County
The median household income in Woodford County is $83,788; statewide it is $63,726, so Woodford County runs 31% above Kentucky as a whole. In the state ranking that is 5th of 120.
| Yearly household income | Woodford County | Gap to Kentucky |
|---|---|---|
| Under $35,000 | 19.9% | -8.1 pts |
| $35,000 to $99,999 | 38.5% | -3.4 pts |
| $100,000 to $199,999 | 30.2% | +7.3 pts |
| $200,000 or more | 11.4% | +4.2 pts |
The spread is wide: 42% of Woodford County households make $100,000 or more, and 20% make less than $35,000. 10.5% of residents fall below the federal poverty line (statewide: 16.1%). Income inequality, measured by the Gini index, comes to 0.440 here. None of these numbers decides a Woodford County application. Lenders weigh your own documented income against your own debts.
Renting and owning in Woodford County
A typical Woodford County rental runs $1,138 a month including utilities, which is 18% above Kentucky. 49% of renting households spend 30% or more of income on rent, and 16% spend half or more. With a median value of $299,700, a typical Woodford County house costs 3.6 times what the median household earns in a year. 72% of Woodford County households own their home and 28% rent. Median construction year: 1984.
| Home costs | Woodford County | Kentucky | U.S. middle county |
|---|---|---|---|
| Median gross rent | $1,138/mo | $967/mo | $877/mo |
| Median home value | $299,700 | $205,600 | $185,300 |
| Owners | 72% | 68% | 75% |
| Rent-burdened renters | 49% | 45% | 45% |
| Burdened owners | 23% | 23% | n/a |
Jobs and commutes in Woodford County
The biggest employer of Woodford County residents, by industry, is education and health care at 24% of workers, followed by professional and administrative services (12%). Agriculture, forestry and mining stands out: 7% of workers here, versus 2% statewide. Averaged over the five survey years, 2.5% of the labor force was out of work and looking. 11% of commuters travel 45 minutes or more each way, and 15% work from home.
| Where residents work | Woodford County | Difference from Kentucky |
|---|---|---|
| Education and health care | 24.3% | 0.0 pts |
| Professional and administrative services | 11.7% | +2.7 pts |
| Manufacturing | 10.9% | -3.4 pts |
| Retail trade | 9.5% | -2.0 pts |
| Arts, lodging and food service | 7.3% | -0.6 pts |
| Agriculture, forestry and mining | 6.8% | +5.1 pts |
If your hours swing with the season or with overtime, size a loan payment against your base pay, not your best month.
Woodford County towns compared
The table lists the 2 largest of 2 Census places in Woodford County, by population. Together all 2 hold about 12,268 people, so roughly 55% of residents live outside any named place. Live in one of these Woodford County communities, or between them? This is your local guide.
| Place in county | Status | Population (ACS) | Median HH income | Monthly rent | Distance from center |
|---|---|---|---|---|---|
| Versailles | city | 10,492 | $62,368 | $1,160 | 1 mi |
| Midway | city | 1,776 | $61,650 | $976 | 8 mi |
The counties around Woodford County
The six counties whose centers lie closest to Woodford County's, from 13 to 19 miles away. Scott County leads the group on income ($85,158), Mercer County trails ($64,824), and Woodford County out-earns 5 of the six.
| County | Distance | Median income | Median rent | Owners |
|---|---|---|---|---|
| Woodford County | - | $83,788 | $1,138/mo | 72% |
| Anderson County, KY | 13 mi | $74,488 | $927/mo | 78% |
| Franklin County, KY | 15 mi | $65,298 | $967/mo | 64% |
| Jessamine County, KY | 15 mi | $74,576 | $1,124/mo | 67% |
| Fayette County, KY | 16 mi | $69,479 | $1,164/mo | 54% |
| Mercer County, KY | 17 mi | $64,824 | $831/mo | 76% |
| Scott County, KY | 19 mi | $85,158 | $1,247/mo | 72% |
More Woodford County figures
41% of Woodford County adults 25 and older hold a bachelor's degree or more. The uninsured rate is 5.6%, against 6.0% for Kentucky.
| Indicator | Woodford County | All of Kentucky | U.S. county median |
|---|---|---|---|
| Median age | 42.2 | 39.1 | 41.5 |
| Bachelor's or higher | 40.7% | 27.6% | 22.2% |
| No high school diploma | 8.9% | 11.1% | n/a |
| No health insurance | 5.6% | 6.0% | 7.8% |
| No vehicle | 4.7% | 6.8% | 5.4% |
| Work from home | 14.9% | 10.2% | 8.7% |
| Poverty rate | 10.5% | 16.1% | 13.2% |
| Unemployment (ACS) | 2.5% | 4.9% | 4.4% |
| Commute length | Woodford County |
|---|---|
| Under 15 min | 29.2% |
| 15 to 29 min | 35.9% |
| 30 to 44 min | 24.0% |
| 45 to 59 min | 5.4% |
| 60+ min | 5.5% |
Before borrowing in Woodford County
A few patterns in the Woodford County data, and the practical point behind each:
- Consolidation math. With 42% at six figures, card consolidation is common; it pays only if total cost falls (guide).
- Renters under pressure. When 49% pay 30% or more for rent, the smallest loan that solves the problem is the right size.
- Scams. A fee demanded before funding is a red flag; report it at ReportFraud.ftc.gov (spotting scams).
A Woodford County household budget, worked through
Woodford County at the medians, through a lender's eyes (what DTI means):
- $6,982 a month: gross income for a household at the Woodford County median
- 16% goes to median rent ($1,138)
- At 43%, room after rent is $1,864 a month
Car, student loan and card payments come out of that room first. Try your own numbers in the calculator.
Four steps for Woodford County borrowers
A short checklist for Woodford County borrowers:
- Write down what the expense costs; a smaller loan costs less.
- Ask each lender for the APR and all fees in writing.
- Confirm the lender is licensed in Kentucky.
- Pick the shortest term whose payment still fits.
Kentucky rules that apply in Woodford County
Consumer lenders serving Woodford County are licensed by the state, not the county; in Kentucky that is the Kentucky Department of Financial Institutions. Federal complaints: consumerfinance.gov. See the Kentucky state guide for the statewide picture.
Related local guides
For statewide rules and data, see the Kentucky guide.
Frequently asked questions
How much do households in Woodford County earn?
The median is $83,788; 42% earn $100,000 or more and 20% under $35,000. A lender uses your own documented income, not this figure.
Is Woodford County expensive for renters?
Median rent is $1,138 against $967 statewide, and 49% of renter households are cost-burdened.
Which towns does the Woodford County guide cover?
Every community in the county, unincorporated areas included. The largest of its 2 Census places: Versailles, Midway.
Does my county matter to the questionnaire?
Only your state does. Whether you live in Woodford County or elsewhere in Kentucky, the same rules apply.
Who regulates personal lenders for Woodford County residents?
The Kentucky Department of Financial Institutions licenses consumer lenders in Kentucky; the CFPB takes complaints about any lender, and the FTC wants to hear about fee-first offers.