Zip 40461 (Paint Lick, KY) Economy


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United States / Kentucky / No Metro Area / Garrard County / Paint Lick / Paint Lick (zip 40461)
40461 Paint Lick, KY is a small town in rural Kentucky known for its agricultural history. The estimated population is 1,135 people according to the U.S census. The average 2 bedroom rent in 40461 Paint Lick, KY is $820 compared to the US average of $1,430 which makes it significantly cheaper for individuals and families looking for affordable housing options. Additionally, the grocery cost index in 40461 Paint Lick is 96 compared to 100 in the US making groceries relatively cheaper than some of its surrounding areas. Some local companies that can be found in 40461 Paint Lick include Cedar Hill Farms – a family owned farm specializing in grass-fed beef and lamb products, Floyd’s Dairy Barn – an ice cream parlor serving up classic flavors like vanilla and chocolate along with seasonal favorites like pumpkin spice and peppermint candy cane swirls, and HomeTown Hardware– a hardware store providing tools and supplies for all your home improvement needs. All these local businesses make 40461 Paint Lick an ideal place to live due to its low cost of living compared to other nearby locations.

Paint Lick (zip 40461) has an unemployment rate of 4.7%. The US average is 6.0%.

Paint Lick (zip 40461) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.

Tax Rates for Paint Lick (zip 40461)
- The Sales Tax Rate for Paint Lick (zip 40461) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Paint Lick (zip 40461) is 8.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Paint Lick (zip 40461)
- The average income of a Paint Lick (zip 40461) resident is $24,273 a year. The US average is $28,555 a year.
- The Median household income of a Paint Lick (zip 40461) resident is $61,964 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPaint Lick, KentuckyUnited States
  4.76
  -4.3%-6.2%
  31.8%33.5%
  6.0%6.2%
  8.0%4.6%
  $30,808$37,638
  $61,964$69,021
  $71,250$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  19.9%6.8%
  19.0%10.0%
  4.2%2.5%
  9.9%11.0%
  7.1%4.8%
  0.6%0.8%
  1.7%1.9%
  0.0%4.7%
  0.0%1.9%
  2.9%7.6%
  0.0%0.1%
  0.0%4.2%
  17.3%9.3%
  12.7%14.0%
  0.0%2.1%
  0.0%7.0%
  2.7%4.8%
  1.2%4.7%
Health