Calvert City, KY is a small city with a population of approximately 3,000 people. It is known for its historically strong economy and thriving businesses. The two bedroom rent in Calvert City, KY is $830 which is significantly lower than the US average of $1,430. This makes it an attractive place to live for those looking to save on living expenses. Additionally, the grocery cost index in Calvert City is 90 compared to the US average of 100 - another appealing factor for potential residents. Local companies that contribute to the economy include Mil-Way Federal Credit Union, Evergreen Packaging Company and Calvert City Country Club.
Calvert City has an unemployment rate of 4.9%. The US average is 6.0%.
Calvert City has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Calvert City
- The Sales Tax Rate for Calvert City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Calvert City 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 Calvert City
- The average income of a Calvert City resident is $23,782 a year. The US average is $28,555 a year.
- The Median household income of a Calvert City resident is $40,000 a year. The US average is $69,021 a year.