The Highest and Lowest Income Areas in Wallace Woods, Covington, KY

The map below shows median household income in Wallace Woods by area. High-earning areas are in green, moderate-earning areas are in yellow, and low-earning areas are in red.

 

Wallace Woods, Covington, KY of rich and poor neighborhoods by household income
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The median household income in Wallace Woods is $54,367. This means Wallace Woods income is lower than the median income in the United States, with neighborhood household incomes in the 21st percentile.

Education is usually most correlated with income, and in Wallace Woods 24% of adults have bachelor’s degrees or higher versus 36% nationwide. 78% of neighborhoods have higher median household incomes, and 20% of neighborhoods have lower median household income. Compared to nearby neighborhoods, family and household incomes are higher. Median income ranges from a low of $31,121 to a high of $89,922 in some neighborhoods.

Higher income areas are typically found in the southeast parts of the neighborhood, and lower income areas are in the southwest areas.

Source for the income and education figures above: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

Per Capita Income in Wallace Woods, Covington, KY

The per capita income in Wallace Woods, Covington, KY is $27,682 a year. Per capita income differs from household income in that it will appear lower in areas with more children and where only one adult is employed. The map shows which parts of the neighborhood are higher or lower than this average: high-earning areas are in green, and low-earning areas of Wallace Woods are in red.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

 

Wallace Woods, Covington, KY Per Capita Income Map
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