Beechmont, KY is a small town located in Ohio County that offers a more relaxed pace of life. The median two bedroom rent in Beechmont, KY stands at $680 which is significantly lower than the national average of $1,430. Furthermore, groceries are also cheaper in Beechmont as the Grocery Cost Index there stands at 92 versus 100 in the United States. \nThe area is home to many local businesses including Hillside Auto Mart, McQuerry & Sons Construction, and Anderson's Landscaping & Lawn Care Services LLC. These companies provide locals with quality products and services while helping to contribute to the local economy.
Beechmont has an unemployment rate of 6.9%. The US average is 6.0%.
Beechmont has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Beechmont
- The Sales Tax Rate for Beechmont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Beechmont 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 Beechmont
- The average income of a Beechmont resident is $18,324 a year. The US average is $28,555 a year.
- The Median household income of a Beechmont resident is $66,750 a year. The US average is $69,021 a year.