Burlington, KY is a great place to live due to its reasonable cost of living. With 2 bedroom rent prices at $1,290, it is significantly lower than the national average of $1,430. This is despite the city having a Grocery Cost Index that is on par with the US average at 100. Local companies in Burlington include Amazon Fulfillment Center, SkuNexus Inc., and Alltech Brewing & Distilling Co., offering plenty of job opportunities for locals.
The cost of living index in Burlington compares favorably to other cities around the region; for instance, nearby Cincinnati has an overall cost of living index that is 5% higher than Burlington’s. This makes Burlington an attractive option for those looking for an affordable place to live with plenty of local job prospects in a city setting.
Burlington has an unemployment rate of 4.2%. The US average is 6.0%.
Burlington has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 40.1%, which is higher than the US average of 33.5%.
Tax Rates for Burlington
- The Sales Tax Rate for Burlington is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Burlington is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Burlington
- The average income of a Burlington resident is $34,316 a year. The US average is $37,638 a year.
- The Median household income of a Burlington resident is $90,145 a year. The US average is $69,021 a year.