Coldiron, KY is a small rural town located in Kentucky. It has an estimated population of around 300 people. The cost of living in Coldiron is relatively low compared to other parts of the US. The 2 bedroom rent in Coldiron is $670 per month, while the US average for 2 bedroom rent is $1,430. In addition, the Grocery Cost Index in Coldiron is 93 compared to 100 in the US. This means it's cheaper to buy groceries here than elsewhere. Local companies in Coldiron include Mary's Cafe, Coldiron Hardware Store, and Smith's Auto Repair Shop. All these businesses help make up the unique character of this small town while providing services at competitive prices. Overall, living in Coldiron can be a great experience for those looking for a more relaxed lifestyle with lower costs.
Coldiron has an unemployment rate of 9.4%. The US average is 6.0%.
Coldiron 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 Coldiron
- The Sales Tax Rate for Coldiron is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Coldiron 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 Coldiron
- The average income of a Coldiron resident is $19,122 a year. The US average is $28,555 a year.
- The Median household income of a Coldiron resident is $52,330 a year. The US average is $69,021 a year.