41164 Olive Hill, KY is a small town located in the Appalachian Mountains of Kentucky. It is known for its scenic views and outdoor activities such as hiking, fishing and camping. The population is approximately 2,700 people. The average two bedroom rent in Olive Hill is $780 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index (GCI) in Olive Hill is 97 versus 100 in the US making groceries more affordable than most places.
Olive Hill has several local companies that are important to the economy of the area including: Cook's Florist & Garden Center, Mason's Towing & Recovery, Bobcat Portable Buildings and Carter's Furniture Store. Due to its beauty and proximity to larger cities like Lexington and Huntington, it has become a popular destination for tourists who enjoy outdoor activities and history buff alike.
Olive Hill (zip 41164) has an unemployment rate of 8.4%. The US average is 6.0%.
Olive Hill (zip 41164) has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Olive Hill (zip 41164)
- The Sales Tax Rate for Olive Hill (zip 41164) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Olive Hill (zip 41164) 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 Olive Hill (zip 41164)
- The average income of a Olive Hill (zip 41164) resident is $21,419 a year. The US average is $37,638 a year.
- The Median household income of a Olive Hill (zip 41164) resident is $39,635 a year. The US average is $69,021 a year.