42167 Tompkinsville, KY is a small town with a population of around 3,000 people. It has a relatively low rate for 2 bedroom rent of $730 which is much lower than the US average of $1,430. This makes it an attractive option for those looking to save money. Grocery costs are also low at 92 on a cost index versus the national average of 100. The local economy of 42167 Tompkinsville, KY is bolstered by several large companies such as Magnolia Health Systems and Monroe County Bank as well as many smaller businesses including mom and pop restaurants and boutique stores. These businesses contribute to the economies of 42167 Tompkinsville, KY in both employment opportunities and tax revenues.
Tompkinsville (zip 42167) has an unemployment rate of 4.3%. The US average is 6.0%.
Tompkinsville (zip 42167) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Tompkinsville (zip 42167)
- The Sales Tax Rate for Tompkinsville (zip 42167) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tompkinsville (zip 42167) is 7.3%. The US average is 4.6%.
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Income and Salaries for Tompkinsville (zip 42167)
- The average income of a Tompkinsville (zip 42167) resident is $24,518 a year. The US average is $37,638 a year.
- The Median household income of a Tompkinsville (zip 42167) resident is $34,424 a year. The US average is $69,021 a year.