Pine Knot, KY is a small town that offers its residents a peaceful atmosphere with amenities close by. It’s home to several local businesses such as Pine Knot Hardware, Pine Knot Bank & Trust, and the Pine Knot Market. The cost of living there is lower than other areas in the US; for example, the median rent for 2 bedrooms is about $760 whereas the US median rent for 2 bedrooms is $1,430. Additionally, items at grocery stores are relatively cheaper with an index score of 93 versus 100 in the US. All together these factors create a great environment for those looking to save some money while still enjoying all that a small town has to offer.
Pine Knot has an unemployment rate of 6.4%. The US average is 6.0%.
Pine Knot has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Pine Knot
- The Sales Tax Rate for Pine Knot is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pine Knot 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 Pine Knot
- The average income of a Pine Knot resident is $12,957 a year. The US average is $37,638 a year.
- The Median household income of a Pine Knot resident is $0 a year. The US average is $69,021 a year.