Benham, KY is a small town located in Harlan County with a population of about 682 people. The average two-bedroom rent in Benham is $600, which is significantly cheaper than the US average of $1430. In addition to affordable rent, grocery costs in Benham are also lower than the US average with an index score of 91 compared to 100. There are many local companies that make up Benham's economy such as Rapid Printing, Mountain View Forestry Service and B & S Electric Company. These companies provide employment to many of the local residents and have contributed to the growth of the town over the years.
Benham has an unemployment rate of 9.4%. The US average is 6.0%.
Benham has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Benham
- The Sales Tax Rate for Benham is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Benham 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 Benham
- The average income of a Benham resident is $22,346 a year. The US average is $28,555 a year.
- The Median household income of a Benham resident is $43,688 a year. The US average is $69,021 a year.