Park Hills, KY is a city located in Northern Kentucky and is known for its variety of businesses, restaurants, and parks. It is a vibrant community with economic opportunities that make it an attractive destination for families and individuals alike. The average two bedroom rent in Park Hills is $1,080 per month which is significantly lower than the US median at $1,430. This makes Park Hills an affordable place to live compared to other cities in the US. There are also many local businesses such as Johnsons Fruit Market, Countryside Lock & Key, and Park Hills Animal Hospital that provide services to residents in the area. The Grocery Cost Index in Park Hills is also lower than the US average at 98 versus 100 making it more affordable to purchase food items locally. All of these factors combined make it easy to understand why Park Hills is such an attractive place to live with a very low cost of living.
Park Hills has an unemployment rate of 4.6%. The US average is 6.0%.
Park Hills has seen the job market increase by 1.9% 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 Park Hills
- The Sales Tax Rate for Park Hills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Park Hills is 6.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Park Hills
- The average income of a Park Hills resident is $31,153 a year. The US average is $28,555 a year.
- The Median household income of a Park Hills resident is $76,094 a year. The US average is $69,021 a year.