Paducah, KY is an affordable place to live, with a 2 bedroom rent of $870 compared to the US average of $1,430. The cost of groceries in Paducah is also more economical than the national average, with an index score of 93 compared to 100. This city has much to offer both residents and visitors alike. For example, there are many local companies such as West Kentucky Star Newspaper, Paducah Bank, and Paducah Power System. Attractions include historic downtown Paducah which offers antique shops, restaurants and art galleries and the National Quilt Museum which houses over 400 quilts from around the world made by both modern and traditional quilters.
Paducah has an unemployment rate of 6.2%. The US average is 6.0%.
Paducah has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Paducah
- The Sales Tax Rate for Paducah is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Paducah is 8.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Paducah
- The average income of a Paducah resident is $24,938 a year. The US average is $28,555 a year.
- The Median household income of a Paducah resident is $42,024 a year. The US average is $69,021 a year.