The small city of Stearns, KY (42647) represents a great cost-of-living ratio with plenty of opportunities for growth. The 2 bedroom rent in Stearns is a low $680 compared to the US average of $1,430. The local grocery cost index is also 92 versus 100 in the US. There are a variety of local businesses located in Stearns, such as United Hatchery and Feed Supply Co., Reelfoot Lumber Company and Murray Steamship Line which specialize in agriculture and trade services. Additionally, there are many retail outlets including the popular Sonny’s Department Store offering extremely competitive rates on products. All these companies help to make living in Stearns an affordable, convenient option for families looking for a place to call home.
Stearns (zip 42647) has an unemployment rate of 6.4%. The US average is 6.0%.
Stearns (zip 42647) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Stearns (zip 42647)
- The Sales Tax Rate for Stearns (zip 42647) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stearns (zip 42647) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Stearns (zip 42647)
- The average income of a Stearns (zip 42647) resident is $16,490 a year. The US average is $37,638 a year.
- The Median household income of a Stearns (zip 42647) resident is $36,695 a year. The US average is $69,021 a year.