Cynthiana, KY is a small city located approximately 40 miles northeast of Lexington. The cost of living here is quite low compared to the national average. For example, 2 bedroom rent in Cynthiana costs $900 a month while it costs $1430 a month in the US. Groceries are also cheaper as the grocery cost index here is 97 versus 100 in the US. Local businesses and attractions in Cynthiana include Toyota Motor Manufacturing Kentucky, Sizemore Farms Tractor Sales, Hummingbird Hill Antiques and Cafe, the Historic Harrison County Courthouse, and Grandview Park. There are also numerous restaurants and boutiques throughout the city that residents can explore for an interesting night out on the town.
Cynthiana has an unemployment rate of 4.3%. The US average is 6.0%.
Cynthiana has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.
Tax Rates for Cynthiana
- The Sales Tax Rate for Cynthiana is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cynthiana is 8.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cynthiana
- The average income of a Cynthiana resident is $17,570 a year. The US average is $28,555 a year.
- The Median household income of a Cynthiana resident is $42,642 a year. The US average is $69,021 a year.