Wellington, Kentucky is an excellent place to live with a cost of living index of 87. This means that 2 bedroom rent is $730 per month in Wellington versus an average of $1,430 in the US. Additionally, the grocery cost index is 93, making food more affordable than average.
The local economy in Wellington offers a variety of job prospects. Major employers include Community Trust Bank, Westrock and United Parcel Service (UPS). The median salary for positions at Community Trust Bank are typically around $33k annually; at Westrock salaries range from $42k to $47k; and UPS pays between $40-45K.
Wellington (zip 40387) has an unemployment rate of 8.4%. The US average is 6.0%.
Wellington (zip 40387) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Wellington (zip 40387)
- The Sales Tax Rate for Wellington (zip 40387) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wellington (zip 40387) 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 Wellington (zip 40387)
- The average income of a Wellington (zip 40387) resident is $20,943 a year. The US average is $37,638 a year.
- The Median household income of a Wellington (zip 40387) resident is $37,442 a year. The US average is $69,021 a year.