Montgomery County, KY Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Kentucky / / Montgomery County / Cities / Zip Codes
Montgomery, KY County is a great place to live for many reasons. Rent costs are lower than the US average, making it an affordable area for families or those looking to rent alone. The cost of groceries is also lower than the US average, which can help save money for residents when shopping. Additionally, there are plenty of amenities and businesses in Montgomery County to enjoy. Local companies include Walmart, Target, Starbucks, and Lowe's while local services include banks, health care providers, schools, and public transportation. With its affordable rent prices and amenities, Montgomery County is an inviting place to call home.

Montgomery County has an unemployment rate of 6.0%. The US average is 6.0%.

Montgomery County has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Montgomery County
- The Sales Tax Rate for Montgomery County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery 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 Montgomery County
- The average income of a Montgomery County resident is $23,223 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery County resident is $49,313 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontgomery, KentuckyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.