Silver Grove, KY is a small community located in Northern Kentucky. It provides its residents with an affordable cost of living, boasting a 2 bedroom rent of only $900 compared to the US average of $1430. Additionally, the Grocery Cost Index in Silver Grove is 95 as opposed to the US average of 100. Local companies include City Hall and Grocery Store. Attractions include Silver Grove Park, which offers picnic areas and walking trails, and Lakeview Country Club, which has three 9-hole golf courses and a swimming pool.
Silver Grove has an unemployment rate of 4.4%. The US average is 6.0%.
Silver Grove has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 39.2%, which is higher than the US average of 33.5%.
Tax Rates for Silver Grove
- The Sales Tax Rate for Silver Grove is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Grove is 8.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Silver Grove
- The average income of a Silver Grove resident is $23,428 a year. The US average is $37,638 a year.
- The Median household income of a Silver Grove resident is $41,362 a year. The US average is $69,021 a year.