Mayfield, KY Metro Area is a great place to live for those who are looking for an affordable lifestyle. The average rent for a two-bedroom apartment in this area is $740, which is less than half of the national average of $1,430. Additionally, the food costs in Mayfield are lower than most other places with a local grocery cost index of 91 compared to 100 in the US.
This area also has great attractions and businesses that make living here even more enjoyable. Some notable companies that have made their home here include American Phoenix Corporation and Silicon Valley Consultants. There are also many activities to enjoy such as shopping at Mayfield Mall or getting outdoors to explore Big Lake Wildlife Management Area or visit the historic Mayfield Dairy Farm.
Mayfield Metro Area has an unemployment rate of 4.9%. The US average is 6.0%.
Mayfield Metro Area has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Mayfield Metro Area
- The Sales Tax Rate for Mayfield Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mayfield Metro Area is 8.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mayfield Metro Area
- The average income of a Mayfield Metro Area resident is $21,367 a year. The US average is $28,555 a year.
- The Median household income of a Mayfield Metro Area resident is $48,187 a year. The US average is $69,021 a year.