41408 Cannel City, KY is a great place to live for those looking for an affordable living experience. The 2 bedroom rent in Cannel City is $730, substantially lower than the US average of $1,430. This makes it easier for families or individuals on a budget to find a suitable housing option. Additionally, the grocery cost index in Cannel City is 97 compared to 100 in the US. This means groceries are more affordable here than in many other parts of the country.
Cannel City boasts many local businesses that make life enjoyable and convenient for its citizens. These include Caney Creek Grocery Store, BC Mart Convenience Store, Jerry's Mobile Home Park, D&D Towing and Recovery LLC., and EZ Storage Center. These businesses provide locals with essential services such as groceries, storage solutions and car repair.
Cannel City (zip 41408) has an unemployment rate of 6.7%. The US average is 6.0%.
Cannel City (zip 41408) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Cannel City (zip 41408)
- The Sales Tax Rate for Cannel City (zip 41408) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cannel City (zip 41408) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cannel City (zip 41408)
- The average income of a Cannel City (zip 41408) resident is $10,185 a year. The US average is $28,555 a year.
- The Median household income of a Cannel City (zip 41408) resident is $23,529 a year. The US average is $69,021 a year.