Plum Springs, KY is a small town located in Kentucky with a population of around 3,000 people. Located close to major highways and local amenities, this area offers an affordable lifestyle for its residents. The average two-bedroom rent in Plum Springs is $900 compared to the US average of $1,430 while the Grocery Cost Index is 95 versus 100 in the US. This makes Plum Springs an attractive option for those looking for an affordable place to live. There are several local businesses based in Plum Springs such as Sharkey's Auto Supply, JB's Steakhouse and Grill, and Bailey's Floral Designers that offer goods and services at competitive prices. When compared to larger cities and towns across the country, Plum Springs has a much lower cost of living making it an ideal location for any budget conscious family or individual.
Plum Springs has an unemployment rate of 4.5%. The US average is 6.0%.
Plum Springs has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 45.9%, which is higher than the US average of 33.5%.
Tax Rates for Plum Springs
- The Sales Tax Rate for Plum Springs is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Plum Springs is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Plum Springs
- The average income of a Plum Springs resident is $18,678 a year. The US average is $28,555 a year.
- The Median household income of a Plum Springs resident is $52,750 a year. The US average is $69,021 a year.