Zip 40031 (La Grange, KY) Economy


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40031 La Grange, KY is a small town located in the northern part of Oldham County. It is known for its rural charm and beautiful countryside scenery. The cost of living is fairly low given the cost of a two bedroom rent, which averages at $1,060 compared to the US average of $1,430. Additionally, grocery costs are below average with an index of 101 versus 100 in the US. This makes 40031 La Grange an ideal place for people seeking affordable living options without sacrificing amenities and attractions. Local businesses include Duhon's Grocery Store, B & B Super Value Liquors, Stumler Hardware Store, and LuLu’s Cafe & Bakery. All offer excellent goods and services to suit the needs of the local community.

La Grange (zip 40031) has an unemployment rate of 3.8%. The US average is 6.0%.

La Grange (zip 40031) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.

Tax Rates for La Grange (zip 40031)
- The Sales Tax Rate for La Grange (zip 40031) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for La Grange (zip 40031) 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 La Grange (zip 40031)
- The average income of a La Grange (zip 40031) resident is $25,336 a year. The US average is $28,555 a year.
- The Median household income of a La Grange (zip 40031) resident is $83,248 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLa Grange, KentuckyUnited States
  3.86
  -5.1%-6.2%
  41.0%33.5%
  6.0%6.2%
  5.0%4.6%
  $32,936$37,638
  $83,248$69,021
  $104,159$85,028
  Population by Occupation
  0.7%1.2%
  0.1%0.5%
  5.4%6.8%
  11.9%10.0%
  1.1%2.5%
  11.6%11.0%
  4.5%4.8%
  2.0%0.8%
  2.7%1.9%
  8.7%4.7%
  1.2%1.9%
  5.7%7.6%
  0.4%0.1%
  4.7%4.2%
  9.1%9.3%
  14.6%14.0%
  1.6%2.1%
  6.1%7.0%
  3.8%4.8%
  4.1%4.7%
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