Clay City, KY is a small town with a population of just over 1,000 people. It is located in the foothills of the Appalachian mountains, offering residents scenic views and beautiful scenery. Clay City is home to many local companies such as Clay City Manufacturing and Clay County Farms. In addition, there are several local retail stores in the area such as Clay City Grocery Store and Bill's Discount Store. Rent for a two-bedroom apartment in Clay City is about $930 per month compared to $1,430 nationally. The cost of groceries in Clay City also tends to be lower than other parts of the country, with an index score of 93 versus 100 nationally. All in all, living in Clay City offers residents an affordable yet pleasant lifestyle.
Clay City has an unemployment rate of 5.4%. The US average is 6.0%.
Clay City 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 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Clay City
- The Sales Tax Rate for Clay City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clay City is 8.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Clay City
- The average income of a Clay City resident is $10,207 a year. The US average is $28,555 a year.
- The Median household income of a Clay City resident is $19,643 a year. The US average is $69,021 a year.