Mount Olivet, KY is a small city located in the eastern part of the state. Despite its size, it is a vibrant and diverse community with plenty to offer. Rent for two bedroom apartments is extremely affordable at $990, making it a great choice for those looking to save on housing expenses. Additionally, Mount Olivet is known for its low grocery cost index when compared to the US average; groceries are nearly 5% cheaper in this city than the national average. \nBusinesses and attractions in Mount Olivet include the Burd Rodman Kindergarten & Daycare Center, The Flying Goat Coffee House and Cafe, The Cutting Edge Barber Shop, and several local parks and churches. With its abundance of amenities and affordable cost of living, Mount Olivet is an ideal place to live!
Mount Olivet has an unemployment rate of 4.6%. The US average is 6.0%.
Mount Olivet has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Mount Olivet
- The Sales Tax Rate for Mount Olivet is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Olivet is 8.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mount Olivet
- The average income of a Mount Olivet resident is $14,908 a year. The US average is $37,638 a year.
- The Median household income of a Mount Olivet resident is $15,000 a year. The US average is $69,021 a year.