West Point, KY is a small town located in Kentucky with an estimated population of 1,475. It is a great place to live with affordable rent for two bedroom properties sitting at only $820 per month. This is significantly lower than the national average for two bedroom rents which is $1,430 making West Point much more attractive financially. Furthermore, grocery costs are also cheaper here compared to other parts of the US with its Grocery Cost Index at 93 as opposed to 100 in the US. There are numerous local businesses in West Point such as Crockett Financial Services and HighPoint Auto Repair that provide jobs and services to residents in the area. All in all, this small town offers a low cost of living which can be very attractive to families or individuals looking for an affordable place to live.
West Point has an unemployment rate of 4.9%. The US average is 6.0%.
West Point 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 35.4%, which is higher than the US average of 33.5%.
Tax Rates for West Point
- The Sales Tax Rate for West Point is 6.0%. The US average is 7.3%.
- The Income Tax Rate for West Point is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for West Point
- The average income of a West Point resident is $16,835 a year. The US average is $28,555 a year.
- The Median household income of a West Point resident is $37,719 a year. The US average is $69,021 a year.