London, KY (40741) is an affordable place to live, offering a 2 bedroom apartment rent of $760 compared to the US average of $1,430. The grocery cost index is 95 versus 100 in the US. This city is a great option for those looking to relocate on a budget. London has a number of companies like Frito-Lay, Walmart Distribution Center and E&S Manufacturing that employ many people from the area. The cost of living index in this city is below average making it a great choice for those looking for an affordable place to call home.
London (zip 40741) has an unemployment rate of 4.9%. The US average is 6.0%.
London (zip 40741) 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 London (zip 40741)
- The Sales Tax Rate for London (zip 40741) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for London (zip 40741) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for London (zip 40741)
- The average income of a London (zip 40741) resident is $24,211 a year. The US average is $37,638 a year.
- The Median household income of a London (zip 40741) resident is $45,640 a year. The US average is $69,021 a year.