41764 Smilax, KY is a small town located in the Appalachian Mountains of Kentucky. With a population of only around 200 people, it is a tight-knit community with many local businesses and shops. Rent for two bedrooms in this area can often be found for $650 or below, making it an attractive option as compared to more urban areas. Not only does the low rent make it appealing but also the cost of groceries here are an average of 91 compared with 100 on the US average.
The companies in 41764 Smilax, KY include Sunrise Tanning Center, Sawmill Inn Restaurant & Lounge, Rock Bridge Country Store & More, The Family Market Place Grocery Store and more. These businesses offer locals a variety of goods and services from food to electronics to tanning salons. Additionally, there are a number of farms located nearby that provide fresh produce and other products to the local market.
Overall, 41764 Smilax is largely dependent on its local businesses and farms for economic stability as well as employment opportunities. The low cost of living coupled with access to resources makes it an attractive option for those looking for a rural lifestyle without sacrificing too much in terms of amenities or financial stability.
Smilax (zip 41764) has an unemployment rate of 8.5%. The US average is 6.0%.
Smilax (zip 41764) has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.
Tax Rates for Smilax (zip 41764)
- The Sales Tax Rate for Smilax (zip 41764) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Smilax (zip 41764) 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 Smilax (zip 41764)
- The average income of a Smilax (zip 41764) resident is $15,946 a year. The US average is $37,638 a year.
- The Median household income of a Smilax (zip 41764) resident is $29,850 a year. The US average is $69,021 a year.