Winchester, KY is a small city located in the state of Kentucky. It is home to many local businesses, such as K&K Market, Winchester Auto Parts, and Sweetwater Creek Bait Shop. The cost of living in Winchester is relatively low when compared to the rest of the United States. The average rent for a two bedroom apartment is $910, which is much lower than the US average of $1,430. Additionally, the grocery cost index for Winchester is 96 compared to 100 in the US. Therefore, one can enjoy a comfortable lifestyle while saving money by choosing to live in Winchester.
Winchester has an unemployment rate of 4.7%. The US average is 6.0%.
Winchester has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Winchester
- The Sales Tax Rate for Winchester is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Winchester is 8.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Winchester
- The average income of a Winchester resident is $21,410 a year. The US average is $28,555 a year.
- The Median household income of a Winchester resident is $47,034 a year. The US average is $69,021 a year.