Winchester is a city in Kentucky state in USA with a population of 18520 residents.. The poverty rate of Winchester is 21.8%, which is 56% higher than national average. The typical household in Winchester earns $43415 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 11 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 54.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Winchester, only 84% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Winchester remained 6.2%, which is 32% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Winchester, only 18% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Winchester is 89, which is 11% lower than national average. Median home value in Winchester is $133600 , which is 42% lower than national average. While median income in Winchester remained $43415, which is 36% lower than national average.