The small town of Holmes Mill, Kentucky (40843) is a convenient place to live for those looking for a low-cost option. With 2 bedroom rent at $580 per month, considerably lower than the US average of $1,430, it's easy to see why this would be an affordable choice. The Grocery Cost Index in the area is 94, indicating that groceries are slightly cheaper than the national average. Additionally, many local businesses have made their home here offering services at competitive prices. There are several restaurants, stores, and cafes as well as other businesses like auto repair shops and salons. All of these amenities make Holmes Mill a great place to call home while keeping your budget in check.
Holmes Mill (zip 40843) has an unemployment rate of 9.4%. The US average is 6.0%.
Holmes Mill (zip 40843) 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 Holmes Mill (zip 40843)
- The Sales Tax Rate for Holmes Mill (zip 40843) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Holmes Mill (zip 40843) 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 Holmes Mill (zip 40843)
- The average income of a Holmes Mill (zip 40843) resident is $16,156 a year. The US average is $37,638 a year.
- The Median household income of a Holmes Mill (zip 40843) resident is $21,793 a year. The US average is $69,021 a year.