Nicholasville, KY is a small city located south of Lexington. It is home to many local businesses such as Walmart, Kroger and ALDI supermarkets, Lowe’s Home Improvement and Hibbett Sports. The cost of living in Nicholasville is generally lower than the US average. Rent for a two-bedroom apartment in the area is around $900 compared to the national average of $1,430. Grocery costs are also relatively low with a grocery cost index of 96 compared to 100 nationwide. Overall, Nicholasville provides its residents with an affordable lifestyle while still having access to all local amenities.
Nicholasville has an unemployment rate of 4.6%. The US average is 6.0%.
Nicholasville has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Nicholasville
- The Sales Tax Rate for Nicholasville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Nicholasville 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 Nicholasville
- The average income of a Nicholasville resident is $20,802 a year. The US average is $28,555 a year.
- The Median household income of a Nicholasville resident is $56,790 a year. The US average is $69,021 a year.