Boston, KY is a small city with a population of just over 8,000 people. The cost of living here is lower than the US average, as evidenced by the 2 bedroom rent at $800 compared to $1,430 nationally. Grocery costs are also lower in Boston when measured on its Cost of Living Index, which is 97 compared to the national average of 100.
For employment opportunities in Boston there are several local companies including Metalsa Structural Products Inc., Kentucky River Mills Inc., and All Seasons LLC. Other employers in the area include Eastern Kentucky University, Saint Joseph Hospital London and Hazard ARH Regional Medical Center.
Overall Boston offers affordable living for those looking for a slower paced lifestyle without sacrificing access to essential services or employment opportunities.
Boston (zip 40107) has an unemployment rate of 4.4%. The US average is 6.0%.
Boston (zip 40107) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5%.
Tax Rates for Boston (zip 40107)
- The Sales Tax Rate for Boston (zip 40107) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Boston (zip 40107) 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 Boston (zip 40107)
- The average income of a Boston (zip 40107) resident is $21,521 a year. The US average is $28,555 a year.
- The Median household income of a Boston (zip 40107) resident is $60,568 a year. The US average is $69,021 a year.