42157 Mount Hermon, KY has a much lower cost of living than the US as a whole. The 2 bedroom rent in this area is only $660, compared to $1,430 nationwide. Additionally, the Grocery Cost Index in 42157 Mount Hermon, KY is 92 versus 100 nationally. Local businesses in the area that are popular for groceries include Walmart and Kroger, as well as smaller businesses like Hibbett's Grocery Store and IGA. This information provides an insight into how much more affordable it is to live in 42157 Mount Hermon, KY compared to other areas of the US.
Mount Hermon (zip 42157) has an unemployment rate of 4.3%. The US average is 6.0%.
Mount Hermon (zip 42157) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Mount Hermon (zip 42157)
- The Sales Tax Rate for Mount Hermon (zip 42157) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Hermon (zip 42157) 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 Mount Hermon (zip 42157)
- The average income of a Mount Hermon (zip 42157) resident is $22,974 a year. The US average is $37,638 a year.
- The Median household income of a Mount Hermon (zip 42157) resident is $115,556 a year. The US average is $69,021 a year.