Cannon, KY is a small but lively town located in the region of 40923. With a population of approximately 2,500 people, it offers an affordable cost of living for its residents. The average two bedroom rent in Cannon is $730 per month, just over half of the US's average rent rate of $1,430. Additionally, the grocery cost index in Cannon is 92 which means prices are 8% lower than the national average.
Cannon is home to many businesses and attractions that make it an attractive area to live in. Local companies include J&M Auto Body & Paint Shop and the Green Thumb Garden Center & Nursery. These businesses are popular among local residents and draw customers from surrounding towns. Attractions include the Southwind Golf Course, which has been designed by renowned golf course architects Keith Foster and Rees Jones, as well as the Woodford Wine Festival held annually at Versailles Castle. Residents can also enjoy scenic hiking trails right outside their doorstep. All these factors make Cannon an ideal place to call home!
Cannon (zip 40923) has an unemployment rate of 6.8%. The US average is 6.0%.
Cannon (zip 40923) 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 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Cannon (zip 40923)
- The Sales Tax Rate for Cannon (zip 40923) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cannon (zip 40923) 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 Cannon (zip 40923)
- The average income of a Cannon (zip 40923) resident is $13,292 a year. The US average is $28,555 a year.
- The Median household income of a Cannon (zip 40923) resident is $27,250 a year. The US average is $69,021 a year.