Lily, KY is a small town in Laurel County with a population of 40740. It's a great place to live because the cost of living is relatively low. For example, the average 2 bedroom rent in Lily is $780 which is significantly cheaper than the national average of $1,430. Additionally, grocery costs are lower in Lily; locals can expect an index of 94 compared to the US average of 100.
The area offers plenty to do! Popular local businesses include The Rusty Barrel restaurant and Lily's Country Store for all your grocery needs. For outdoor activities, visitors can enjoy kayaking down Tygart Creek or camping at Daniel Boone National Forest. There are also several festivals throughout the year such as the Annual Lily Fest and Apple Festival that attract people from all over Kentucky. Other attractions include art galleries like Bluegrass Artworks and the Cedar Bluff Museum showcasing state history and artifacts.
Lily (zip 40740) has an unemployment rate of 4.9%. The US average is 6.0%.
Lily (zip 40740) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Lily (zip 40740)
- The Sales Tax Rate for Lily (zip 40740) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lily (zip 40740) 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 Lily (zip 40740)
- The average income of a Lily (zip 40740) resident is $19,037 a year. The US average is $37,638 a year.
- The Median household income of a Lily (zip 40740) resident is $52,937 a year. The US average is $69,021 a year.