Buckhorn, KY is a small town with a population of approximately 300 people. It is known for its affordable cost of living, with the average two-bedroom rent at $620 compared to the US average of $1,430. Additionally, residents can save money on groceries with the Grocery Cost Index in Buckhorn being 89 compared to 100 in the US. The cost of living is further decreased by local businesses such as Buckhorn Cleaners, Broadbent B & B Grocery Store and Wall’s Meat Processing Plant. Buckhorn also has various outdoor activities for visitors and locals to enjoy like kayaking down the lake or hiking nearby trails. Nearby attractions include natural wonders like Nada Tunnel and Cumberland Falls State Park.
Buckhorn has an unemployment rate of 6.7%. The US average is 6.0%.
Buckhorn has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 12.5%, which is lower than the US average of 33.5%.
Tax Rates for Buckhorn
- The Sales Tax Rate for Buckhorn is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Buckhorn 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 Buckhorn
- The average income of a Buckhorn resident is $23,787 a year. The US average is $37,638 a year.
- The Median household income of a Buckhorn resident is $0 a year. The US average is $69,021 a year.