Independence, KY is a vibrant city offering an array of amenities for its residents. The average rent for a two-bedroom apartment is $1,290, which is considerably lower than the US average of $1,430. Additionally, the grocery cost index in Independence is comparable to that of the US overall at 100. Residents of Independence can enjoy the diverse selection of local businesses available including convenience stores, restaurants, small shops and more. Popular companies in the city include Speedway Gas Station, Bigg's BBQ and Sweetie Pies Bakery and Cafe. With so many options for both leisure and practical needs, people living in Independence are sure to find something to love about this friendly city.
Independence has an unemployment rate of 4.3%. The US average is 6.0%.
Independence has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.
Tax Rates for Independence
- The Sales Tax Rate for Independence is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Independence is 7.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Independence
- The average income of a Independence resident is $24,821 a year. The US average is $28,555 a year.
- The Median household income of a Independence resident is $82,846 a year. The US average is $69,021 a year.