The average Kentuckian is taxed at a rate of 0.72% for property, a maximum of 6.00% for income and 6.00% for sales. Compared to the national averages Kentucky earns a score of good 👍 for property taxes, average for income taxes and good 👍 for combined local and state sales tax. Quick links to regions of Kentucky with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of Kentucky
Kentucky has approximately 4,436,113 residents. A common term for people in Kentucky is "Kentuckian". Within this population there are around 54,895 births and 44,749 deaths per year. Approximately 87.5% of this population speaks English exclusively. Conversely, 0.3% of this population has no verbal English skill. On average, real estate listings in Kentucky are on the market for 68 days. The Market Health Index for Kentucky is 7.45. Kentucky has one of the top ten largest income disparities between the wealthiest and poorest counties. Oldham is the wealthiest of all counties in Kentucky. The least wealthy of all counties in Kentucky is Owsley.
Daily state facts: Kentucky was ranked in the bottom five for state-wide fiscal solvency by George Mason's Mercatus Center. This ranking is based on measures of cash, budget, long-term and trust fund solvency.
According to the Bureau of Labor Statistics, Kentucky employment in August 2023 was 2,048,953, unemployment was 81,966 or 4.0% of total jobs.