Island, KY is a small town located in the southeastern region of Kentucky. It is home to approximately 2,000 people and is known for its low cost of living. Renting a two bedroom apartment in Island, KY will only cost an average of $740 per month which is significantly lower than the national average of $1,430. Furthermore, groceries are notably cheaper here with the grocery cost index being 90 versus 100 in the US. Island, KY boasts a variety of local companies such as Grumbine Enterprises Inc., Big Bob’s Heating & Air Conditioning Service and Cline’s Lawn Care & Landscaping LLC. The town also offers many recreational activities such as fishing, hiking and golfing at Wolf Creek Golf Course. Overall, Island, KY is a great place to live if you are looking for small-town living without breaking your budget.
Island has an unemployment rate of 4.5%. The US average is 6.0%.
Island has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Island
- The Sales Tax Rate for Island is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Island 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 Island
- The average income of a Island resident is $19,693 a year. The US average is $28,555 a year.
- The Median household income of a Island resident is $44,792 a year. The US average is $69,021 a year.