Kenton County · Kentucky · South · 29k residents
Independence, KY: economy, jobs & business costs
The site-selection read on Independence: labor costs, talent, corporate tax, energy, and business activity, with the Kentucky median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,403/wk. Kentucky's corporate income tax rate is 5%. Commercial electricity averages 11.5¢/kWh.
Compare Independence side by side
Avg. weekly wage
$1,403/wk
Corporate income tax
5%
Bachelor's degree or higher
36.4%
Commercial electricity
11.5¢/kWh
Economic momentum
How fast Independence's economy is moving, ranked against the US cities we track.
70/100
Heating
Ranks Independence's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $263,700 |
| Price per sq. ft. | $140 |
| Property tax rate | 0.83% |
| 1-bedroom rent | $915/mo |
| 2-bedroom rent | $1,241/mo |
| State & local income tax | 5.45% |
| Sales tax | 6% |
| Corporate income tax | 5% |
| Avg. weekly wage | $1,403/wk |
| Bachelor's degree or higher | 36.4% |
| Commercial electricity | 11.5¢/kWh |
| Businesses per 1k residents | 35.2/1k |
| Wage: Software developer | $121,420 |
| Wage: Registered nurse | $83,650 |
| Wage: General manager | $100,670 |
| Wage: Customer service | $46,470 |
| Wage: Warehouse worker | $37,810 |
| Wage: Heavy truck driver | $60,590 |
| Wage: Electrician | $63,490 |
| Wage: Retail salesperson | $30,810 |
| Cost of living index | 86 |
| Groceries index | 95 |
| Utilities | $160/mo |
| Transit pass | $50/mo |
| Gas price | $3.05/gal |
| Healthcare index | 93 |
| Childcare (per child) | $850/mo |
| Median household income | $102,361 |
| Unemployment rate | 4.3% |
| Population | 29k |
| Crime index | 45/100 |
| School rating | 5.2/10 |
| Walkability | 30/100 |
| Disaster risk | 77/100 |
| Avg. commute | 24 min |
| Sunny days / year | 190 days |
| July high | 86°F |
| January low | 23°F |
| Annual snowfall | 23 in |
| Home price YoY | +2.8% |
| Home price MoM | +0.3% |
| Rent YoY | — |
| Rent MoM | +1.1% |
| Employment (jobs) YoY | +0.9% |
| Building permits YoY | +20.3% |
| Ocean coast | 480 mi |
| Big lake | 143 mi |
| Mountains | 227 mi |
| Major airport | 10 mi |
| Ski resort | 24 mi |
Popular comparisons
Nearby
- Erlanger, KY · 20k
- Florence, KY · 33k
- Covington, KY · 41k
- Fort Thomas, KY · 17k
- Burlington, KY · 18k
Similar size
- Jeffersontown, KY · 29k
- Frankfort, KY · 29k
- Hopkinsville, KY · 31k
- Henderson, KY · 28k
- Paducah, KY · 27k
Real listings in Independence
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Independence a good place to run a business?
- Kentucky's corporate income tax rate is 5%; average weekly wages in the surrounding labor market run $1,403/wk; commercial electricity averages 11.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Independence, KY?
- Independence indexes at 86 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,241/mo and a acs median home value of $263,700.
- How much does a house cost in Independence?
- The acs median home value in Independence is $263,700 (Census ACS estimate; individual listings vary).
- How much is rent in Independence?
- A two-bedroom in Independence rents for about $1,241/mo.