Laurel, KY County is a great place to live for people looking for an affordable lifestyle. The 2 bedroom rent of $770 is much lower than the national average of $1,430. Additionally, grocery costs are even lower with the Grocery Cost Index being 95 compared to 100 in the US. Not only does Laurel County have lower costs than other areas, but it also provides plenty of local businesses for its citizens. There are many small businesses within the county such as restaurants, shops and gas stations that help make up the local economy. The taxes in Laurel County are also quite reasonable making it a great place for individuals and families looking for a good quality of life at low cost.
Laurel County has an unemployment rate of 4.9%. The US average is 6.0%.
Laurel County has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Laurel County
- The Sales Tax Rate for Laurel County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel County is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Laurel County
- The average income of a Laurel County resident is $19,375 a year. The US average is $28,555 a year.
- The Median household income of a Laurel County resident is $46,604 a year. The US average is $69,021 a year.