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South Williamson
South Williamson
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South Williamson is a census-designated place (CDP) in the Appalachian Mountains of northeastern Pike County, Kentucky, United States, on the border with West Virginia. It is separated from Williamson, West Virginia by the Tug Fork River. The community is located near U.S. Route 119 about 23 miles (37 km) east of Pikeville, Kentucky and 28 miles (45 km) southwest of Logan, West Virginia. The South Williamson area includes the surrounding Kentucky communities of Goody, Forest Hills, Toler, and Belfry. In the early 1990s, residents of the area voted down a proposal to incorporate the area. South Williamson is home to the South Side Mall which is the only mall in the area. The zip code of 41503 (South Williamson) and 41527 (Forest Hills) are the second- and third-wealthiest, respectively, portions of the county. South Williamson is the 61st-wealthiest in Kentucky and Forest Hills is the 63rd-wealthiest. The average income for these areas are $49,345 (41503) and $48,484 (41527). The local economy is largely fueled by coal mining, transportation, health care, and retail.

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How did Kentucky earn the grade of B+? We examined the state taxes based on how age friendly they are. Kentucky has a state sales tax of 6.00%. Of particular interest is that Kentucky does not have taxes on social security. There are no estate taxes. There are taxes imposed on inheritance. Kentucky has an effective property tax rate of 0.85%. Weighing these taxes and other taxes most likely to impact the aging population is how Kentucky earned its state tax grade of B+.

Learn more about taxes in Kentucky

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