Millersburg, KY is a small town located in Bourbon County in the state of Kentucky. It has a population of 1,516 and is located about 30 miles northeast of Lexington. The median 2 bedroom rent in Millersburg is $860, which is significantly lower than the US median 2 bedroom rent of $1,430. Similarly, the Grocery Cost Index (GCI) in Millersburg is 94 versus 100 in the US, indicating that food prices are lower than the national average.
The local economy in Millersburg revolves around businesses such as City Limits Bar & Grill, Millersburg Country Store & Deli, and Shively's Kountry Kitchen. There are also several farms located nearby producing fresh fruits and vegetables for residents to purchase. Additionally, there are several local businesses offering services such as plumbing and heating repair, carpentry work, automotive repair and maintenance services.
Millersburg has an unemployment rate of 4.3%. The US average is 6.0%.
Millersburg 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 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Millersburg
- The Sales Tax Rate for Millersburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Millersburg is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Millersburg
- The average income of a Millersburg resident is $19,837 a year. The US average is $28,555 a year.
- The Median household income of a Millersburg resident is $39,118 a year. The US average is $69,021 a year.