Clay, KY County is a popular and affordable area to live in. With an average 2 bedroom rent of $740, it is much lower than the US average of $1,430. The grocery cost index for Clay, KY County is also much lower than the US average at 92 versus 100. Many people are attracted to this area due to its affordability and close proximity to local businesses such as Clay County Supermarket, Clay County Bank, Kentucky Fried Chicken, and Walmart. With lots of options for shopping, dining and entertainment within reach of Clay, KY County residents can easily take care of their day-to-day needs without having to travel too far away from home.
Clay County has an unemployment rate of 7.6%. The US average is 6.0%.
Clay County has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Clay County
- The Sales Tax Rate for Clay County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clay County 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 Clay County
- The average income of a Clay County resident is $14,574 a year. The US average is $28,555 a year.
- The Median household income of a Clay County resident is $33,399 a year. The US average is $69,021 a year.