Murray Hill, KY is a thriving city with plenty of opportunities for residents. The average rent for a two bedroom apartment in Murray Hill is $1,320, which is more affordable than the national two bedroom rent of $1,430. Additionally, Murray Hill boasts a low cost of living with its Grocery Cost Index at 101 compared to the US average of 100. This makes it an attractive place to live for those looking for good value. The local economy has companies such as All tech Inc., KV Industries, and AKC Corporation who provide employment to many residents and are integral parts of the community. These businesses drive economic growth in Murray Hill and help make it an ideal place to call home.
Murray Hill has an unemployment rate of 5.0%. The US average is 6.0%.
Murray Hill 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 Murray Hill
- The Sales Tax Rate for Murray Hill is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Murray Hill 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 Murray Hill
- The average income of a Murray Hill resident is $39,132 a year. The US average is $28,555 a year.
- The Median household income of a Murray Hill resident is $94,167 a year. The US average is $69,021 a year.