Owenton, KY is a great place to live, work, and play. Located in Northern Kentucky, it offers small-town living at its best. There are many locally owned businesses in Owenton that offer goods and services to residents. Popular local companies include McGuire Market, G&K Grocery Store, and Jordan's Hardware Store. The cost of living in Owenton is significantly lower compared to the rest of the US. For example, 2 Bedroom rents average $750 per month versus $1,430 nationally and grocery costs index 96 compared to an average of 100 nationally.
Owenton has an unemployment rate of 4.6%. The US average is 6.0%.
Owenton has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Owenton
- The Sales Tax Rate for Owenton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Owenton 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 Owenton
- The average income of a Owenton resident is $21,231 a year. The US average is $37,638 a year.
- The Median household income of a Owenton resident is $44,855 a year. The US average is $69,021 a year.