Lynch, KY is a small town located in Harlan County with a population of approximately 553 people. The cost of living in Lynch is quite affordable compared to other parts of the country. The average rent for a two bedroom apartment in Lynch is $580, while the US average is $1,430. Groceries are also relatively inexpensive with an index score of 92 versus the national average index score of 100. Local businesses in Lynch include Country Mart Grocery Store, Dollar General, and Family Dollar. With such low housing costs and grocery prices, Lynch, KY can offer residents an economical place to call home.
Lynch has an unemployment rate of 9.4%. The US average is 6.0%.
Lynch has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Lynch
- The Sales Tax Rate for Lynch is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lynch 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 Lynch
- The average income of a Lynch resident is $19,257 a year. The US average is $37,638 a year.
- The Median household income of a Lynch resident is $36,667 a year. The US average is $69,021 a year.