Income & Economy in Lexington-Fayette urban county, KY (40508)
Median Income
$28,040
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+909
Wealth inflow
Population
24,356
Unemployment
9.4%
5.7pp above US avg
IRS migration statistics show a net inflow of about 909 for ZIP 40508 (Lexington-Fayette urban county, KY) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 40508 (2020–Present)
Since 2020, population declined 7.1%, median income fell 17.4% (inflation-adjusted), home values increased 6.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $28,040 |
| Unemployment | 9.4% |
| Establishments | 563 |
| Employees | 9,955 |