Hollow Creek, KY is a small town located in the state of Kentucky. It is known for its affordable living costs and close-knit community. The cost of living in Hollow Creek, KY is quite low due to the 2 bedroom rent being only $1,220 per month as opposed to the US average of $1,430. Additionally, the Grocery Cost Index in Hollow Creek is only 97 compared to 100 in the US.
Hollow Creek has many local businesses that cater to the community's needs. Some of these companies include Hollow Creek Auto Repair, Hollow Creek Hardware Store & Garden Center, and Dairy Queen. All these businesses work together to provide quality services and products to those who live in Hollow Creek and its surrounding areas.
Hollow Creek has an unemployment rate of 5.0%. The US average is 6.0%.
Hollow Creek 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 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Hollow Creek
- The Sales Tax Rate for Hollow Creek is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hollow Creek is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hollow Creek
- The average income of a Hollow Creek resident is $29,147 a year. The US average is $28,555 a year.
- The Median household income of a Hollow Creek resident is $89,167 a year. The US average is $69,021 a year.