Cold Spring, KY is a city located in Campbell County with a population of around 5,400 people. The city offers its residents an affordable cost of living as evidenced by the 2 bedroom rent that is significantly lower than the US average at $1,190 versus $1,430 respectively. Grocery costs are also lower in Cold Spring with an index score of 97 compared to the national average of 100. Local businesses in Cold Spring include A&G Good Food Mart/Deli, Sonic Drive-In, and Tri-County Veterinary Hospital. With low housing and food costs combined with friendly local businesses, Cold Spring is a great place for families looking for an affordable cost of living without sacrificing quality services.
Cold Spring has an unemployment rate of 4.4%. The US average is 6.0%.
Cold Spring has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 39.2%, which is higher than the US average of 33.5%.
Tax Rates for Cold Spring
- The Sales Tax Rate for Cold Spring is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cold Spring is 7.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cold Spring
- The average income of a Cold Spring resident is $33,858 a year. The US average is $28,555 a year.
- The Median household income of a Cold Spring resident is $73,732 a year. The US average is $69,021 a year.