St. Charles, KY is a small city located in Kentucky's Western Coal Field region. It is a place of unique beauty and charm offering the best of both rural and city living. The cost of living in St. Charles is considerably lower than the national average with two bedroom rent at only $950 compared to the US average of $1,430. Additionally, the Grocery Cost Index in St. Charles is 89 versus 100 in the US meaning groceries are more affordable in St. Charles than the rest of the country. \nThe local economy has many thriving companies such as C&M Manufacturing, Bell & Co., and S-M Logging Services. C&M Manufacturing produces high-quality automotive parts while Bell & Co provides forestry services throughout western Kentucky and bordering states. S-M Logging Services is a family-owned business that has been operating since 1965 providing hardwood lumber for many industries across Kentucky and beyond.
St. Charles has an unemployment rate of 5.3%. The US average is 6.0%.
St. Charles has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for St. Charles
- The Sales Tax Rate for St. Charles is 6.0%. The US average is 7.3%.
- The Income Tax Rate for St. Charles 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 St. Charles
- The average income of a St. Charles resident is $12,492 a year. The US average is $28,555 a year.
- The Median household income of a St. Charles resident is $35,000 a year. The US average is $69,021 a year.