Grays Knob, KY is a small rural community located in the southeast corner of Kentucky. It has a population of approximately 408 people and is known for its friendly atmosphere and peaceful landscape. The average two bedroom rent in Grays Knob is only $600 which is significantly lower than the national average of $1,430, making it an affordable place to live. The Grocery Cost Index for Grays Knob is 92, meaning groceries are 8% cheaper than the national average.\nIn addition to low rental prices and grocery costs, there are other ways to save money living in Grays Knob. Shopping at local businesses such as D & S Country Market or True Value Hardware can result in extra savings due to their competitive pricing on everyday items. There are also several restaurants in the area that offer good food at reasonable prices such as Big E's Country Kitchen and Doc's Place Diner. Finally, while there may not be many entertainment options available in Grays Knob, visiting nearby cities like Corbin or Middlesboro will provide more opportunities for fun while still keeping expenses low. In conclusion, living in Grays Knob can be very cost effective due to its low housing costs and grocery prices as well as its array of local businesses offering competitive pricing on everyday items.
Grays Knob (zip 40829) has an unemployment rate of 9.4%. The US average is 6.0%.
Grays Knob (zip 40829) has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Grays Knob (zip 40829)
- The Sales Tax Rate for Grays Knob (zip 40829) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grays Knob (zip 40829) is 5.8%. The US average is 4.6%.
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Income and Salaries for Grays Knob (zip 40829)
- The average income of a Grays Knob (zip 40829) resident is $29,855 a year. The US average is $37,638 a year.
- The Median household income of a Grays Knob (zip 40829) resident is $0 a year. The US average is $69,021 a year.