Loretto, KY is a small town situated in Marion County. It is known for its rural lifestyle with many outdoor recreational activities such as fishing, hunting, and boating. The population of Loretto, KY is around 1,300 people making it an ideal place to find affordable housing. The average two-bedroom rent in Loretto is just $790 per month, which is significantly lower than the US average rent of $1,430. Grocery costs are also much lower in Loretto than in the rest of the country; with an index rating of 94 compared to 100 nationally. Local businesses include Marion County Hardware & Supply Co., A Plus Automotive Services Inc., and Jernigan's Country Store. Living in Loretto offers great opportunities for those looking for a peaceful yet affordable home life.
Loretto has an unemployment rate of 4.5%. The US average is 6.0%.
Loretto has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Loretto
- The Sales Tax Rate for Loretto is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loretto is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Loretto
- The average income of a Loretto resident is $16,382 a year. The US average is $28,555 a year.
- The Median household income of a Loretto resident is $45,000 a year. The US average is $69,021 a year.