Bloomfield, KY is known for its affordable cost of living, with rent being significantly lower than the national average. The area's grocery cost index is also below average at 96 compared to the US standard of 100. Despite the low prices, Bloomfield still offers a variety of amenities and services from local companies such as Humphrey's General Store, Bluegrass Lawn Care, and The Country Bake Shop. With all these great options, Bloomfield is an ideal place to live for those looking for an affordable yet comfortable lifestyle.
Bloomfield has an unemployment rate of 4.4%. The US average is 6.0%.
Bloomfield has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5%.
Tax Rates for Bloomfield
- The Sales Tax Rate for Bloomfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bloomfield
- The average income of a Bloomfield resident is $22,160 a year. The US average is $28,555 a year.
- The Median household income of a Bloomfield resident is $40,500 a year. The US average is $69,021 a year.