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Zip 40328 (Gravel Switch, KY) Economy


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United States / / No City / Gravel Switch (zip 40328)
40328 Gravel Switch, KY is an ideal place to live for young couples and small families. The rent for a two-bedroom apartment here is only $810 compared to the US average of $1,430, making it an affordable option. Furthermore, the Grocery Cost Index in 40328 Gravel Switch is 94 versus 100 in the US. There are many local companies, schools and attractions within the area that make life in Gravel Switch enjoyable. Companies such as E.C. Nurre Construction Inc., Eastern Kentucky Trucking Co., Inc., and Paint Lick Garage have their headquarters here. For parents looking for a good school district for their children there is Marion County School District which has excellent ratings with a strong teaching staff. There are plenty of outdoor activities to enjoy as well such as the Fort Harrod State Park or Emigration Creek Park where one can go fishing or take a leisurely walk through nature trails. Overall, 40328 Gravel Switch is a great place to live or visit due to its affordability and variety of attractions!

Gravel Switch (zip 40328) has an unemployment rate of 4.5%. The US average is 6.0%.

Gravel Switch (zip 40328) 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 Gravel Switch (zip 40328)
- The Sales Tax Rate for Gravel Switch (zip 40328) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gravel Switch (zip 40328) is 5.8%. The US average is 4.6%.
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Income and Salaries for Gravel Switch (zip 40328)
- The average income of a Gravel Switch (zip 40328) resident is $22,198 a year. The US average is $37,638 a year.
- The Median household income of a Gravel Switch (zip 40328) resident is $38,841 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGravel Switch, KentuckyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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