Mount Sterling, KY Metro Area is an attractive place to live due to its low rent costs and affordable groceries. On average, the 2 bedroom rent rate for this area is $750 per month, which is roughly half of the national average of $1430. The Grocery Cost Index for this metro area is 94 versus the national index of 100, making food much more affordable in this area. In addition to economic advantages, Mount Sterling has many local companies and attractions that make it a desirable place to live. Popular companies include Dairy Queen, Kentucky River Medical Center, and Walmart Supercenter; while popular attractions include Renfro Valley Entertainment Center and Saint Patrick’s Church.
Mount Sterling Metro Area has an unemployment rate of 6.4%. The US average is 6.0%.
Mount Sterling Metro Area has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Mount Sterling Metro Area
- The Sales Tax Rate for Mount Sterling Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Sterling Metro Area 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 Mount Sterling Metro Area
- The average income of a Mount Sterling Metro Area resident is $19,383 a year. The US average is $28,555 a year.
- The Median household income of a Mount Sterling Metro Area resident is $47,442 a year. The US average is $69,021 a year.