Salt Lick, KY is an affordable city located in Eastern Kentucky. It has a 2 bedroom rental cost that is significantly lower than the national average of $1,430 with an average rent of only $730. Grocery costs are also relatively cheap with a grocery cost index of 94 versus 100 nationally. The city is surrounded by natural beauty and outdoor activities for residents to enjoy. Popular local attractions include Red River Gorge, Natural Bridge State Park and the Kentucky Horse Park. The area also has a few local businesses such as: Salt Lick Restaurant, Salty's Smokehouse Barbeque and County Line Convenience Store.
Salt Lick has an unemployment rate of 6.4%. The US average is 6.0%.
Salt Lick has seen the job market decrease by -0.8% 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 Salt Lick
- The Sales Tax Rate for Salt Lick is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Salt Lick is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Salt Lick
- The average income of a Salt Lick resident is $15,302 a year. The US average is $28,555 a year.
- The Median household income of a Salt Lick resident is $26,528 a year. The US average is $69,021 a year.