Crescent Springs, KY Economy


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Crescent Springs, KY is a small city located in northern Kentucky. It is known for its affordable housing options, with 2 bedroom rents coming in at an average of $1,060, which is significantly lower than the US average of $1,430. Additionally, its grocery cost index of 102 versus 100 in the US also indicates that Crescent Springs is a more affordable option. Local companies in Crescent Springs include businesses such as Crescent Springs Pharmacy and J&B Automotive Repair Center. Furthermore, there are many restaurants and retail stores located throughout the city for residents to enjoy.

Crescent Springs has an unemployment rate of 4.6%. The US average is 6.0%.

Crescent Springs has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.

Tax Rates for Crescent Springs
- The Sales Tax Rate for Crescent Springs is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Crescent Springs is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Crescent Springs
- The average income of a Crescent Springs resident is $27,961 a year. The US average is $28,555 a year.
- The Median household income of a Crescent Springs resident is $72,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCrescent Springs, KentuckyUnited States
  4.66
  -5.4%-6.2%
  38.6%33.5%
  6.0%6.2%
  6.4%4.6%
  $57,023$37,638
  $72,375$69,021
  $77,113$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.8%6.8%
  17.9%10.0%
  2.9%2.5%
  10.1%11.0%
  5.4%4.8%
  1.0%0.8%
  0.0%1.9%
  12.0%4.7%
  1.5%1.9%
  8.5%7.6%
  0.0%0.1%
  7.4%4.2%
  8.1%9.3%
  13.7%14.0%
  0.0%2.1%
  1.2%7.0%
  0.6%4.8%
  4.4%4.7%
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