Frenchburg, KY is a small town located in the outskirts of Kentucky. It is known for its peaceful atmosphere and quaint community. The cost of living in Frenchburg is relatively low, with two bedroom rental prices being just $750 compared to the US average of $1,430. Additionally, grocery costs are substantially lower than the US average at roughly 92 versus 100 in the US. Despite its small size, Frenchburg has plenty to offer to both locals and visitors alike. Popular local companies include the Frenchburger General Store and Mandy’s Cattle Ranch. Tourist attractions include Nell’s Falls and Cave Run Lake, providing plenty of opportunities for outdoor activities such as boating or swimming.
Frenchburg has an unemployment rate of 8.4%. The US average is 6.0%.
Frenchburg has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Frenchburg
- The Sales Tax Rate for Frenchburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frenchburg is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frenchburg
- The average income of a Frenchburg resident is $17,797 a year. The US average is $37,638 a year.
- The Median household income of a Frenchburg resident is $35,357 a year. The US average is $69,021 a year.