Millwood, KY (zip 42762) is a small town located in Grayson County. It has a population of 4,715 and is growing rapidly due to its accessible location near larger cities such as Louisville and Lexington. Rent for two bedroom properties here averages $720, significantly cheaper than the US average of $1,430. Additionally, grocery costs are much more affordable with an index of 97 versus 100 in the US.
Millwood residents have access to a variety of amenities including locally owned stores such as The Corner Store & Deli and Millwood Grocery & Bait Shop which both provide essential items for everyday life. There are also several restaurants and entertainment venues including O'Bryon's Bar & Grill which offers live music on weekends, an outdoor patio, and daily specials. For recreation, there are multiple parks nearby such as Twin Lakes Park where visitors can enjoy picnicking, fishing, or boating.
Overall Millwood provides an excellent combination of affordable living costs with convenient access to modern amenities making it an ideal place to live or visit.
Millwood (zip 42762) has an unemployment rate of 6.0%. The US average is 6.0%.
Millwood (zip 42762) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Millwood (zip 42762)
- The Sales Tax Rate for Millwood (zip 42762) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Millwood (zip 42762) is 5.8%. The US average is 4.6%.
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Income and Salaries for Millwood (zip 42762)
- The average income of a Millwood (zip 42762) resident is $19,072 a year. The US average is $37,638 a year.
- The Median household income of a Millwood (zip 42762) resident is $0 a year. The US average is $69,021 a year.