Sparta, KY is a small town located in Kentucky known for its beautiful landscapes and friendly people. It is home to many local businesses such as Sparta Auto Parts, The Thrift Store, and Sparta Family Diner. The cost of living in Sparta is lower than the national average due to its smaller population size, with two bedroom rentals at $1,030 compared to the US average of $1,430. Grocery costs are also much lower with an index of 96 compared to the US average of 100 making it an ideal place to settle down.
Sparta has an unemployment rate of 4.8%. The US average is 6.0%.
Sparta has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 35.7%, which is higher than the US average of 33.5%.
Tax Rates for Sparta
- The Sales Tax Rate for Sparta is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sparta 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 Sparta
- The average income of a Sparta resident is $17,556 a year. The US average is $28,555 a year.
- The Median household income of a Sparta resident is $53,333 a year. The US average is $69,021 a year.