Forest Hills, KY is a small city located near the Kentucky-Indiana border. It has a population just over 1,000 people and offers easy access to nearby Louisville and Indianapolis. Local companies in Forest Hills include Walmart Neighborhood Market, Dollar General, and Wendy’s. The cost of living in Forest Hills is very reasonable, with 2 bedroom rent averaging $1,260 per month compared to the US average of $1,430. Furthermore, the grocery cost index in Forest Hills is 99 compared to 100 across the US. Overall, Forest Hills is an affordable place to live that provides easy access to local businesses as well as larger cities nearby.
Forest Hills has an unemployment rate of 5.0%. The US average is 6.0%.
Forest Hills has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Forest Hills
- The Sales Tax Rate for Forest Hills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Forest Hills 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 Forest Hills
- The average income of a Forest Hills resident is $39,283 a year. The US average is $37,638 a year.
- The Median household income of a Forest Hills resident is $70,625 a year. The US average is $69,021 a year.