Mortons Gap, KY is a small town located in Hopkins County with a population of 42440 people. The city is known for its friendly atmosphere and rural setting. It offers many local businesses that provide goods and services to its citizens. Some of the local companies include Mortons Gap Hardware, Morton’s Gap Feed & Supply, and Mortons Gap Goat Cheese Farm. There are also plenty of recreational activities such as golfing at the Mortons Gap Golf Course, hiking at Pantheon National Park, and horseback riding at Horse Hollow Stables. Furthermore, 2 bedroom rent in Mortons Gap is $730 which is much more affordable than the US average of $1,430. The grocery cost index in this city is 90 compared to 100 in the US. These factors make Mortons Gap an attractive place to live with lots of opportunity for job seekers and entrepreneurs alike.
Mortons Gap (zip 42440) has an unemployment rate of 5.3%. The US average is 6.0%.
Mortons Gap (zip 42440) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Mortons Gap (zip 42440)
- The Sales Tax Rate for Mortons Gap (zip 42440) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mortons Gap (zip 42440) 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 Mortons Gap (zip 42440)
- The average income of a Mortons Gap (zip 42440) resident is $14,628 a year. The US average is $28,555 a year.
- The Median household income of a Mortons Gap (zip 42440) resident is $47,500 a year. The US average is $69,021 a year.