40820 Cranks, KY is a great place to live for those looking for an affordable cost of living. 2 bedroom rent costs only $580, which is significantly lower than the US average of $1,430. Grocery Cost Index in the area is 88 versus 100 in the US, allowing residents to stretch their grocery budget even further. The town is home to several local businesses such as Cranks Variety Store, M & F Food Mart, and Valley Convenience Store. These small establishments offer everything from food supplies and general merchandise to auto supplies and hardware items, making them perfect for all daily needs. With its low housing costs and inexpensive groceries, 40820 Cranks, KY is definitely worth considering for those looking for a low cost of living.
Cranks (zip 40820) has an unemployment rate of 9.4%. The US average is 6.0%.
Cranks (zip 40820) has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Cranks (zip 40820)
- The Sales Tax Rate for Cranks (zip 40820) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cranks (zip 40820) 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 Cranks (zip 40820)
- The average income of a Cranks (zip 40820) resident is $19,083 a year. The US average is $37,638 a year.
- The Median household income of a Cranks (zip 40820) resident is $0 a year. The US average is $69,021 a year.