Income & Economy in Lexington-Fayette urban county, KY (40516)
Median Income
$85,655
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+105
Wealth inflow
Population
2,809
Unemployment
1.6%
2.1pp below US avg
IRS migration statistics show a net inflow of about 105 for ZIP 40516 (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 40516 (2020–Present)
Since 2020, population declined 18.5%, median income fell 6.4% (inflation-adjusted), home values increased 19.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $85,655 |
| Unemployment | 1.6% |
| Establishments | 50 |
| Employees | 1,791 |