42361 Olaton, KY is a small rural town located in Ohio County. It has a population of 277 people and is a tight-knit community with strong family ties. The cost of living here is quite affordable—the average two bedroom rent rate is only $740 per month, significantly lower than the national average of $1,430. Groceries also tend to be more affordable here as the grocery cost index for Olaton is 93 compared to 100 in the US.
Olaton has many local companies and attractions for residents to enjoy. Slip & Slide Farms offers agri-tourism experiences such as pick your own flowers and pumpkins, hay rides, corn mazes and more! B&K Equipment provides outdoor power equipment services for lawn mower repairs and parts. And if you are looking for a delicious bite to eat Muddy Creek Barbecue & Catering offers award winning BBQ dishes that will tantalize your taste buds!
Overall, 42361 Olaton, KY offers a low cost of living that complements its close-knit community and abundance of local attractions.
Olaton (zip 42361) has an unemployment rate of 6.0%. The US average is 6.0%.
Olaton (zip 42361) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Olaton (zip 42361)
- The Sales Tax Rate for Olaton (zip 42361) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Olaton (zip 42361) 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 Olaton (zip 42361)
- The average income of a Olaton (zip 42361) resident is $29,560 a year. The US average is $28,555 a year.
- The Median household income of a Olaton (zip 42361) resident is $36,719 a year. The US average is $69,021 a year.