Nebo, KY is a great place to call home. Living in Nebo is affordable compared to the US average, with two bedroom rents being $850 compared to $1,430 nationally. Additionally, grocery costs are 8% lower than the US average index of 100, making it a great place for families and individuals looking to save on costs. Nebo offers plenty of local businesses for residents and visitors alike. Some of these businesses include Harvest Moon Craft Beer & Wine Bar, Abraham's Garden Restaurant and Catering, and Big Onion Pizza Cache Valley. All of these businesses offer wonderful services and products that make the people of Nebo proud to call it their home.
Nebo has an unemployment rate of 5.3%. The US average is 6.0%.
Nebo has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Nebo
- The Sales Tax Rate for Nebo is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Nebo 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 Nebo
- The average income of a Nebo resident is $17,036 a year. The US average is $28,555 a year.
- The Median household income of a Nebo resident is $71,563 a year. The US average is $69,021 a year.