Zip 42642 (Russell Springs, KY) Economy


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United States / Kentucky / No Metro Area / Russell County / Russell Springs / Russell Springs (zip 42642)
42642 Russell Springs, KY is a great place to call home. Residents of this lovely town enjoy an average two-bedroom rent of $760, which is significantly lower than the US average of $1,430. Additionally, grocery costs in 42642 Russell Springs, KY are much more affordable than the national average with an index of 93 as opposed to 100. There are a number of local businesses in the area that offer a variety of services and products to the residents. Popular stores in the area include Walmart for all your shopping needs and Doodles Pizzeria for delicious Italian food. For those looking for more unique items, there's The Golden Needle Quilt Shop and Clay Valley Fish & Tackle for fishing supplies. With so many options available, it is clear why 42642 Russell Springs, KY is such a desirable place to live!

Russell Springs (zip 42642) has an unemployment rate of 5.9%. The US average is 6.0%.

Russell Springs (zip 42642) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.

Tax Rates for Russell Springs (zip 42642)
- The Sales Tax Rate for Russell Springs (zip 42642) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Russell Springs (zip 42642) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Russell Springs (zip 42642)
- The average income of a Russell Springs (zip 42642) resident is $17,624 a year. The US average is $28,555 a year.
- The Median household income of a Russell Springs (zip 42642) resident is $43,466 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRussell Springs, KentuckyUnited States
  5.96
  -5.7%-6.2%
  38.9%33.5%
  6.0%6.2%
  6.3%4.6%
  $21,956$37,638
  $43,466$69,021
  $56,250$85,028
  Population by Occupation
  2.8%1.2%
  0.3%0.5%
  5.2%6.8%
  24.8%10.0%
  1.8%2.5%
  12.8%11.0%
  1.5%4.8%
  0.8%0.8%
  1.2%1.9%
  2.7%4.7%
  0.8%1.9%
  3.6%7.6%
  0.0%0.1%
  2.7%4.2%
  9.9%9.3%
  12.4%14.0%
  4.1%2.1%
  6.2%7.0%
  2.6%4.8%
  3.8%4.7%
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