40351 Morehead, KY is a small town located in Rowan County. It is conveniently situated just off Interstate 64, offering easy access to larger cities like Lexington and Cincinnati. The population of 40351 Morehead is approximately 5,747 people according to the latest census data. The average 2 bedroom rent in this area is $770 per month, which is significantly lower than the US average of $1,430. Additionally, grocery costs are relatively low here with an index of 96 compared to the national average of 100.
Morehead offers its residents plenty of recreational activities both indoors and outdoors. For instance, Cave Run Lake provides wonderful fishing opportunities as well as boat rentals and other outdoor activities. There are several local stores and businesses in Morehead such as Kroger, Walmart Supercenter, Family Dollar Store, Big R Mobile Home Supply and Mammy’s Kitchen Restaurant. All offer quality products or services at competitive prices for residents to enjoy.
Morehead (zip 40351) has an unemployment rate of 5.9%. The US average is 6.0%.
Morehead (zip 40351) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Morehead (zip 40351)
- The Sales Tax Rate for Morehead (zip 40351) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morehead (zip 40351) is 8.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Morehead (zip 40351)
- The average income of a Morehead (zip 40351) resident is $25,347 a year. The US average is $37,638 a year.
- The Median household income of a Morehead (zip 40351) resident is $46,356 a year. The US average is $69,021 a year.