Verona, KY is a small city located in Kentucky with an estimated population of around 4,000 people. It has a peaceful and tranquil atmosphere that makes it an ideal place to live. It also has many amenities nearby such as restaurants, shops and entertainment venues. In terms of cost of living, Verona offers quite reasonable prices for rent and groceries compared to the national average. A two bedroom apartment rents for about $1,050 in Verona while the US average for a two-bedroom apartment is $1,430. Additionally, the grocery cost index in Verona is 99 compared to 100 nationally.
Verona has several local businesses that help make this area unique and vibrant. Some notable companies include Procter & Gamble Company (P&G), Creekside Auto Repair & Tire Center, and Chick-fil-A Verona Road. P&G is one of the world’s leading manufacturers of consumer goods while Creekside Auto Repair specializes in providing auto repair services since 1980. Lastly, Chick-fil-A offers some delicious food options at their restaurant at Verona Road. All these businesses help contribute to the local economy by providing jobs to residents as well as stimulating various industries within the city.
Verona has an unemployment rate of 4.2%. The US average is 6.0%.
Verona 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 40.1%, which is higher than the US average of 33.5%.
Tax Rates for Verona
- The Sales Tax Rate for Verona is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Verona 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 Verona
- The average income of a Verona resident is $40,974 a year. The US average is $37,638 a year.
- The Median household income of a Verona resident is $74,375 a year. The US average is $69,021 a year.