Olive Hill, KY is a small town located in northeast Kentucky with a population of around 2,600 people. The cost of living in Olive Hill is relatively low compared to the rest of the United States. Average rent for a 2 bedroom apartment or house is only $760 compared to $1,430 nationally. Additionally, the grocery cost index is 97 versus 100 for the rest of the country. This makes Olive Hill an attractive place for those looking for an affordable place to live.
Olive Hill provides local amenities such as food, clothing stores and other services. Some popular businesses include Grocery Mart, Tenderloins Grill & Bar, Discount Tobacco & Beer Outlet, The Country Store and several banks within city limits.
Overall, Olive Hill provides its inhabitants with all the necessary amenities at a fraction of the cost found in many cities across the US. The low rental prices along with other costs make this a great place for anyone wanting to save money while still having access to all their needs and wants.
Olive Hill has an unemployment rate of 8.4%. The US average is 6.0%.
Olive Hill has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Olive Hill
- The Sales Tax Rate for Olive Hill is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Olive Hill 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 Olive Hill
- The average income of a Olive Hill resident is $16,963 a year. The US average is $28,555 a year.
- The Median household income of a Olive Hill resident is $49,688 a year. The US average is $69,021 a year.