Anchorage, Kentucky is a small city with a population of just over 2,000 people located in northern Kentucky. It is an ideal town for those looking for a peaceful lifestyle close to urban amenities. In terms of cost of living, Anchorage is quite affordable with the average two bedroom rent being just $1,390 compared to the US average of $1,430. Grocery costs are also slightly cheaper in Anchorage than the national average. The local economy consists primarily of small businesses; some examples include Graf Growers (a greenhouse operation), The Care Group (an elderly care provider) and Volpenhein Brothers Inc. (Home productivity). In conclusion, Anchorage is an excellent location for individuals or families who want to live in a tranquil setting without breaking their budget.
Anchorage has an unemployment rate of 5.0%. The US average is 6.0%.
Anchorage 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 Anchorage
- The Sales Tax Rate for Anchorage is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Anchorage 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 Anchorage
- The average income of a Anchorage resident is $69,197 a year. The US average is $28,555 a year.
- The Median household income of a Anchorage resident is $199,261 a year. The US average is $69,021 a year.