North Corbin, KY is a small town located in northeastern Kentucky. It is known for its low cost of living and friendly atmosphere, making it an ideal place for families looking to settle down. The city offers rental prices that are significantly lower than the national average, with a two bedroom apartment costing an average of $720 compared to the US average of $1,430. Additionally, the Grocery Cost Index in North Corbin is 95 versus 100 in the US, another testament to its affordability. North Corbin has a thriving local economy, boasting a number of companies like Corbin Cabinets Inc., Cozy Cottage Quilts & Gifts, and All Seasons Lawn Care. For those looking for a safe and affordable place to live with plenty of job opportunities nearby, North Corbin is an excellent option.
North Corbin has an unemployment rate of 4.9%. The US average is 6.0%.
North Corbin has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for North Corbin
- The Sales Tax Rate for North Corbin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North Corbin is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for North Corbin
- The average income of a North Corbin resident is $12,847 a year. The US average is $28,555 a year.
- The Median household income of a North Corbin resident is $46,250 a year. The US average is $69,021 a year.