Clay, KY is a small town located in the heart of Kentucky. It is well known for its affordable cost of living and friendly community. The average cost of rent for a two bedroom apartment in Clay, KY is $660, making it much more affordable than the US average of $1,430 per month. The grocery cost index is also lower in Clay with an index score of 90 versus 100 within the US.
When looking to move to Clay, there are several local companies who can help with finding rental properties. These include Lee Real Estate Group, Affordable Rental Solutions and Valley Properties LLC. All three specialize in finding the perfect place to live at a price that will fit any budget.
Two facts about Clay, KY are that it is part of the Barren River Area Development District and that it was first settled in 1816 by pioneers from Virginia who called the settlement “Cumberland” after their former home state. This area quickly grew into what is now known as Clay County, one of the most beautiful areas of Kentucky.
Clay has an unemployment rate of 4.9%. The US average is 6.0%.
Clay has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Clay
- The Sales Tax Rate for Clay is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clay 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 Clay
- The average income of a Clay resident is $20,714 a year. The US average is $28,555 a year.
- The Median household income of a Clay resident is $31,500 a year. The US average is $69,021 a year.