London, KY is a small city located in the state of Kentucky. The population of this city is around 8,607 people. The two bedroom rent rate in London is $760 which is about one-third cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in London is 95 compared to 100 in the US, meaning groceries here are 5% cheaper than the national average. \nLondon has many local businesses that have served its citizens for years. High Street Trading Company specializes in antique furniture and decor while Custom Wood Creations offers custom-made wooden furniture and toys. For outdoors enthusiasts, Blackstone Outfitters provides kayaking, fishing, and other outdoor activities on Lake Cumberland. Finally, White's Fruit Farm offers locally-grown produce such as apples, peaches and strawberries.
London (zip 40744) has an unemployment rate of 4.9%. The US average is 6.0%.
London (zip 40744) 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 40744)
- The Sales Tax Rate for London (zip 40744) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for London (zip 40744) 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 40744)
- The average income of a London (zip 40744) resident is $26,676 a year. The US average is $37,638 a year.
- The Median household income of a London (zip 40744) resident is $51,958 a year. The US average is $69,021 a year.