Knott, KY County is a vibrant community in the heart of Kentucky. It’s a great place to start a family or lay down roots since rent is much lower than the national average at $740 per month for a two-bedroom apartment. Grocery costs are also reduced at 90 compared to 100 nationally. The area boasts many local businesses such as Knott’s Hardware, Mountain View Restaurant, and Kentucky Auto Parts. Visitors can enjoy nearby Red River Gorge National Park or take in some horse racing at Pine Trace Racetrack. There are plenty of recreational activities that keep locals busy including golfing, camping, and fishing. Knott County has something for everyone!
Knott County has an unemployment rate of 7.5%. The US average is 6.0%.
Knott County has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 11.0%, which is lower than the US average of 33.5%.
Tax Rates for Knott County
- The Sales Tax Rate for Knott County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Knott County is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Knott County
- The average income of a Knott County resident is $18,304 a year. The US average is $28,555 a year.
- The Median household income of a Knott County resident is $35,583 a year. The US average is $69,021 a year.