Concord, KY is a small city located in Northern Kentucky on the banks of the Ohio River. It is a great place to live with low rental prices and a below average cost of living compared to other parts of the country. The average two bedroom rent in Concord is $780, while the same rent in the United States as a whole is $1,430—a difference of over 40%. This lower cost makes it possible for those who live there to save money on their housing costs. Additionally, groceries are also cheaper, with a grocery cost index score of 97 when compared to 100 nationally.
The city has many local businesses that specialize in everything from industrial manufacturing to service industries. Some examples include Diversified Communications Corp., Ohio Valley Refining Co., and JJAP Casting Inc., among many others. With its convenient location and affordable lifestyle, Concord provides its residents with an ideal balance between work life and leisure activities.
Concord has an unemployment rate of 8.4%. The US average is 6.0%.
Concord has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 17.9%, which is lower than the US average of 33.5%.
Tax Rates for Concord
- The Sales Tax Rate for Concord is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Concord 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 Concord
- The average income of a Concord resident is $10,344 a year. The US average is $28,555 a year.
- The Median household income of a Concord resident is $40,000 a year. The US average is $69,021 a year.