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Zip 40350 (Moorefield, KY) Economy


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United States / / No City / Moorefield (zip 40350)
40350 Moorefield, KY is located in Montgomery County and is a small town with less than 500 people. The cost of living here is much lower compared to the rest of the US. For example, the average 2 bedroom rent in 40350 Moorefield, KY is only $900 which is significantly lower than the national average of $1,430. The grocery index here is also relatively low at 96 compared to US's 100. Here, locals can find affordable amenities from local businesses such as Food King Grocery Store, Oak Tree Antiques & Gifts, and Moorefield Family Restaurant.

Moorefield (zip 40350) has an unemployment rate of 4.7%. The US average is 6.0%.

Moorefield (zip 40350) has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.

Tax Rates for Moorefield (zip 40350)
- The Sales Tax Rate for Moorefield (zip 40350) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Moorefield (zip 40350) is 5.8%. The US average is 4.6%.
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Income and Salaries for Moorefield (zip 40350)
- The average income of a Moorefield (zip 40350) resident is $21,144 a year. The US average is $37,638 a year.
- The Median household income of a Moorefield (zip 40350) resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMoorefield, KentuckyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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