London, KY Metro Area is a great place to live due to its affordability. The average rent for a two bedroom apartment is $750 compared to the US average of $1,430. Grocery costs are also relatively low with an index of 93 compared to 100 nationally. This makes it easier for people living in London to afford the necessities of life.
London, KY Metro Area is home to several local companies such as Laurel Grocery Company, Kentucky Farm Bureau Insurance, and London-Laurel County Hospital. These businesses provide residents with many employment opportunities and economic stability. Additionally, the city hosts many cultural events throughout the year such as the Laurel County Fair and Barbecue Festival that bring together locals from all areas of town for fun and entertainment.
London Metro Area has an unemployment rate of 5.4%. The US average is 6.0%.
London Metro Area has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for London Metro Area
- The Sales Tax Rate for London Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for London Metro Area 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 London Metro Area
- The average income of a London Metro Area resident is $17,449 a year. The US average is $28,555 a year.
- The Median household income of a London Metro Area resident is $40,250 a year. The US average is $69,021 a year.