London, KY is a small town situated in the east of Kentucky. It offers a sense of community and local culture with many businesses and places to visit. Rent prices are affordable with a two-bedroom costing $760 on average compared to the US average of $1,430. Grocery costs are also relatively low, with London's index at 95 compared to 100 in the US. Local businesses include retail stores like Walmart and Kohl’s, as well as eateries such as Cracker Barrel and McDonalds. For those looking for unique experiences, there are also places like Laurel River Lake and Levi Jackson State Park for camping and hiking opportunities.
London has an unemployment rate of 4.9%. The US average is 6.0%.
London has seen the job market increase by 2.5% 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 London
- The Sales Tax Rate for London is 6.0%. The US average is 7.3%.
- The Income Tax Rate for London is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for London
- The average income of a London resident is $17,621 a year. The US average is $28,555 a year.
- The Median household income of a London resident is $41,795 a year. The US average is $69,021 a year.