Jackson, KY is a small town located in the eastern part of the state. It has an estimated population of 4000 and offers affordable living for its residents. Rent for a two-bedroom apartment is around $660, which is significantly lower than the national average of $1430. The grocery cost index in Jackson is 91 versus 100, meaning groceries are cheaper here than in other parts of the country. Businesses found in Jackson include: Jordan Enterprises Auto Parts, Quality Home Care Services, and Jackson County Foods. These local businesses provide necessary goods and services to the community, contributing to the strength of the economy.
Jackson has an unemployment rate of 8.6%. The US average is 6.0%.
Jackson 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 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Jackson
- The Sales Tax Rate for Jackson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Jackson 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 Jackson
- The average income of a Jackson resident is $16,763 a year. The US average is $28,555 a year.
- The Median household income of a Jackson resident is $29,654 a year. The US average is $69,021 a year.