Munfordville, KY is a small town located in Hart County. With a population of just over 1,100 people, Munfordville is a cozy community with plenty of amenities like grocery stores, restaurants, and local businesses. The average 2 bedroom rent in Munfordville is $740 per month which is significantly lower than the US average of $1,430. The grocery cost index in Munfordville is 93 compared to 100 in the US. Local businesses like M&M Café, Hart County Guns & Ammo, Hatfield’s Auto Sales LLC., Miller’s Grocery & Deli are some of the popular companies that make Munfordville vibrant and unique. All these factors make Munfordville an attractive place for those who are looking for lower costs of living with a small town atmosphere.
Munfordville has an unemployment rate of 4.5%. The US average is 6.0%.
Munfordville has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.
Tax Rates for Munfordville
- The Sales Tax Rate for Munfordville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Munfordville is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Munfordville
- The average income of a Munfordville resident is $21,262 a year. The US average is $37,638 a year.
- The Median household income of a Munfordville resident is $24,951 a year. The US average is $69,021 a year.