40481 Sandgap, Kentucky is a small rural town situated in Jackson County. The cost of living in this area is quite low; median two bedroom rent stands at $780, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index here is 95 versus 100 in the US overall. This means that grocery items are almost 5% cheaper than most areas around the country.
Despite its small size, 40481 Sandgap has a few notable businesses including R&B Automotive Repair and Compliance Solutions Inc. These local companies provide many jobs for residents and contribute to a thriving local economy. Altogether, 40481 Sandgap offers an affordable lifestyle with plenty of job opportunities for those looking to live in a rural area.
Sandgap (zip 40481) has an unemployment rate of 6.8%. The US average is 6.0%.
Sandgap (zip 40481) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Sandgap (zip 40481)
- The Sales Tax Rate for Sandgap (zip 40481) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sandgap (zip 40481) 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 Sandgap (zip 40481)
- The average income of a Sandgap (zip 40481) resident is $24,431 a year. The US average is $37,638 a year.
- The Median household income of a Sandgap (zip 40481) resident is $53,996 a year. The US average is $69,021 a year.