Gratz, KY is a small town located near Lexington. The cost of living in Gratz is lower than the US average with rent for two bedrooms being $750 compared to the national average of $1,430. Grocery costs are also relatively low when compared to the US at an index of 96 versus 100. The town features some great local businesses including Gratz Auto Parts and Gratz Restaurant & Bar. For those looking for more outdoor adventures, there are plenty of rural attractions nearby such as Kentucky Horse Park and Red River Gorge Geological Area. With its low cost of living and great attractions, Gratz is a great place to live or visit!
Gratz has an unemployment rate of 4.6%. The US average is 6.0%.
Gratz has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Gratz
- The Sales Tax Rate for Gratz is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gratz 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 Gratz
- The average income of a Gratz resident is $13,874 a year. The US average is $28,555 a year.
- The Median household income of a Gratz resident is $86,544 a year. The US average is $69,021 a year.