Mercer, KY County is an attractive area to live due to its affordability compared to the US. The 2 bedroom rent is $740, which is significantly less than the US average of $1,430. Similarly, Mercer has a grocery cost index of 94 which is lower than the US average of 100. Not only are Mercer's costs for essential needs lower than the national average but it also has big local employers such as Toyota Motor Manufacturing Kentucky and Amazon Fulfillment Center that create jobs and bring economic growth. Mercer provides an excellent location to live affordably while having access to great career opportunities.
Mercer County has an unemployment rate of 5.0%. The US average is 6.0%.
Mercer County has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Mercer County
- The Sales Tax Rate for Mercer County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mercer County is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mercer County
- The average income of a Mercer County resident is $22,614 a year. The US average is $28,555 a year.
- The Median household income of a Mercer County resident is $53,750 a year. The US average is $69,021 a year.