Hancock, KY County is an excellent place to live for those looking for affordability. Rent for a two bedroom apartment in Hancock County is $930, significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Hancock County is 92 versus 100 in the US. This makes groceries much more affordable. For potential residents, there are many opportunities to work and stay active. Companies like Walmart, Sonic Drive-In, and Kentucky Fried Chicken provide employment options while recreational spots such as Big Bear Lake offer plenty of outdoor activities to enjoy. All in all, Hancock County is an ideal place to call home with its low cost of living and ample job prospects.
Hancock County has an unemployment rate of 4.9%. The US average is 6.0%.
Hancock County has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 39.1%, which is higher than the US average of 33.5%.
Tax Rates for Hancock County
- The Sales Tax Rate for Hancock County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hancock County 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 Hancock County
- The average income of a Hancock County resident is $28,509 a year. The US average is $37,638 a year.
- The Median household income of a Hancock County resident is $61,622 a year. The US average is $69,021 a year.