Columbia, KY is a small city in Kentucky that offers its residents a cost of living that is well below the US average. The city has an approximate 2 bedroom rent of $720 which is about half of the national average of $1,430. Grocery costs are also relatively low with a grocery cost index in Columbia, KY being 93 compared to 100 in the US.
There are plenty of local businesses to take advantage of in Columbia, KY as well. From essential services like health care and banking to more luxury businesses like retail stores and restaurants. Bank of America, Walmart Supercenter, Rite Aid Pharmacy, and Cattleman’s Steakhouse are all popular spots people visit when they're looking for goods or services. All these local businesses offer great prices that reflect the city's overall cost of living.
Columbia has an unemployment rate of 5.6%. The US average is 6.0%.
Columbia has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.
Tax Rates for Columbia
- The Sales Tax Rate for Columbia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Columbia is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Columbia
- The average income of a Columbia resident is $15,362 a year. The US average is $28,555 a year.
- The Median household income of a Columbia resident is $45,480 a year. The US average is $69,021 a year.