City risk detail
Employment and income stability in Independence, KY
Employment and income stability measures job market resilience with unemployment rates, volatility, labor force participation, median earnings, and industry concentration. More volatility means less predictable pay and higher income shocks.
Risk score
28
/ 100
Risk metrics
- Unemployment rate2.8%
- Unemployment volatility (12-mo)Not available
- Labor force participation73.6%
- Employment rate (16+)71.5%
- Median earnings (full-time, year-round)$50,031
- Earnings trend (YoY)+3.8%
- Industry concentration (HHI)Not available
Data status: Available
Scope: City-level (place) | Source: ACS 2023 5-year | 2023
Why it matters
In Independence, Lower stability can mean more missed bills, less savings, and heavier reliance on credit during downturns.
What we measure
- Unemployment rate
- Unemployment volatility (monthly)
- Labor force participation
- Employment-to-population rate
- Median earnings (full-time, year-round)
- Earnings trend (YoY)
- Industry concentration (HHI)
Key sources
- BLS Local Area Unemployment Statistics
- U.S. Census Bureau ACS 5-year
- County Business Patterns (industry concentration)
Related risks
City overview →Household financial stress
Household financial stress reflects how close households are to the edge. It blends income, poverty exposure, housing cost burden, and safety-net reliance to show where families have less cushion for unexpected bills.
Debt and credit pressure
Debt and credit pressure tracks how leveraged households are and how often credit stress shows up. Higher subprime share, delinquency, and revolving utilization indicate tighter credit access and greater reliance on borrowing.
Cost of living exposure
Cost of living exposure focuses on housing costs relative to income. Rising rents, higher monthly housing costs, and elevated rent-to-income ratios can squeeze budgets even when incomes rise.