Marion, KY is a great place to live due to its low cost of living. The average rent for a two bedroom apartment in Marion is $730, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Marion is 90, versus 100 in the US. This makes it easier for families and individuals to stretch their dollar further. There are plenty of local companies around Marion such as the Reidland Superette, Harlow Funeral Home, Bluegrass Home Care & Hospice Services, and Kentucky Bank. All these local businesses give Marion a unique character that is hard to find elsewhere and make it an attractive place to live for people who value affordability and charm.
Marion has an unemployment rate of 4.9%. The US average is 6.0%.
Marion has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 39.0%, which is higher than the US average of 33.5%.
Tax Rates for Marion
- The Sales Tax Rate for Marion is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Marion is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Marion
- The average income of a Marion resident is $17,530 a year. The US average is $28,555 a year.
- The Median household income of a Marion resident is $41,076 a year. The US average is $69,021 a year.