Loretto, Kentucky is a small town located in Marion County. With a population of only 40037, Loretto is a great place to find peace and tranquility. The 2 bedroom rent in Loretto is $790 compared to the US average of $1,430, making it an affordable place to live. In addition, grocery costs in Loretto are also lower than the US average by 6 points on the cost index. This small town has plenty of attractions for visitors and locals alike. There are several local businesses such as Vanderpool Grocery & Deli, Brown's Lawn Care & Maintenance, and D&S Repair that provide unique services to the community. Additionally, outdoor activities like fishing and kayaking at Herrington Lake can be enjoyed during warmer months. All these amenities make Loretto an ideal destination that both residents and visitors enjoy visiting year-round.
Loretto (zip 40037) has an unemployment rate of 4.5%. The US average is 6.0%.
Loretto (zip 40037) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Loretto (zip 40037)
- The Sales Tax Rate for Loretto (zip 40037) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loretto (zip 40037) is 6.8%. The US average is 4.6%.
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Income and Salaries for Loretto (zip 40037)
- The average income of a Loretto (zip 40037) resident is $23,735 a year. The US average is $37,638 a year.
- The Median household income of a Loretto (zip 40037) resident is $57,833 a year. The US average is $69,021 a year.