Smithland, KY is a small town located in western Kentucky. It is known for its friendly atmosphere and affordable cost of living. The average 2 Bedroom rent in Smithland is $750 compared to the US average of $1,430, making it an excellent place for individuals or families looking for an affordable place to live. The local grocery cost index in Smithland is 90 versus 100 in the US, further making it a budget friendly option. Local companies include Smithland Supply Co., Joe's Garage, and Smithland Cleaners - all offering excellent services at a fraction of the cost typically seen in larger cities. All-in-all, Smithland offers a safe and affordable option for those looking to make a move.
Smithland has an unemployment rate of 7.1%. The US average is 6.0%.
Smithland has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Smithland
- The Sales Tax Rate for Smithland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Smithland is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Smithland
- The average income of a Smithland resident is $17,037 a year. The US average is $28,555 a year.
- The Median household income of a Smithland resident is $57,969 a year. The US average is $69,021 a year.