Letcher County, KY is a small and beautiful rural community located in the Appalachian Mountains. It has a population of just over 15,000 people, making it an ideal place to enjoy peaceful living while having access to various amenities. The cost of renting a two-bedroom apartment in Letcher County is $740 per month which is much lower than the US average of $1430 per month. Additionally, the Grocery Cost Index in Letcher County is 92 versus 100 in the US. This makes it fairly inexpensive to buy groceries when compared to other states.
The county is home to several local businesses such as Letcher County Foods, a well-known grocery store that has been serving customers for over 30 years. They have excellent produce and fresh meat products at competitive prices compared to larger chain supermarkets. The county also boasts local restaurants like Whitaker's Pizza & Subs and The White Oak Cafe where visitors can get delicious homemade foods with friendly service. There are many more businesses such as family owned landscaping companies, auto repair shops, plumbers, and builders too. All these establishments contribute significantly to Letcher's economy by providing employment opportunities and services for both locals and visitors alike.
Letcher County has an unemployment rate of 7.8%. The US average is 6.0%.
Letcher County has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 17.6%, which is lower than the US average of 33.5%.
Tax Rates for Letcher County
- The Sales Tax Rate for Letcher County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Letcher County 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 Letcher County
- The average income of a Letcher County resident is $18,163 a year. The US average is $28,555 a year.
- The Median household income of a Letcher County resident is $35,278 a year. The US average is $69,021 a year.