Liberty, KY is a beautiful city located in the state of Kentucky. It offers many advantages to those looking for a place to call home. The cost of living is lower than the US average, with 2 bedroom rent costing $740 compared to $1,430 nationwide. Grocery prices are also more affordable with a grocery cost index of 93 compared to 100 in the US.
The city is thriving with local businesses such as Liberty Family Pharmacy, Daugherty's Auto Parts, and Ponderosa Steakhouse. There are also several parks and recreational activities for residents to enjoy including hiking trails and festivals throughout the year. With its low cost of living and abundance of recreational opportunities, Liberty makes an ideal place to settle down or raise a family.
Liberty has an unemployment rate of 4.6%. The US average is 6.0%.
Liberty has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Liberty
- The Sales Tax Rate for Liberty is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Liberty 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 Liberty
- The average income of a Liberty resident is $14,635 a year. The US average is $28,555 a year.
- The Median household income of a Liberty resident is $23,869 a year. The US average is $69,021 a year.