Freeburn, KY is a small rural town with an estimated population of 1,400. Despite its size, Freeburn has many attractions and activities for locals to enjoy. There are several local businesses to support the town such as K&K Grocery Store, Smith Auto Repair, and Evergreen Diner. Rent prices in Freeburn are considerably lower than the US average at $620 per two bedroom contrary to the US average of $1,430. Furthermore, the cost of groceries in Freeburn is significantly lower than that of the US with an index of 96 compared to 100 in the US. This makes living in Freeburn a more budget-friendly option than many other areas across America.
Freeburn has an unemployment rate of 7.0%. The US average is 6.0%.
Freeburn has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Freeburn
- The Sales Tax Rate for Freeburn is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Freeburn 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 Freeburn
- The average income of a Freeburn resident is $6,352 a year. The US average is $37,638 a year.
- The Median household income of a Freeburn resident is $0 a year. The US average is $69,021 a year.