Pikeville, KY is a small city located in Eastern Kentucky and it has a population of approximately 7,700 people. The cost of living in Pikeville is much cheaper than other parts of the United States, as evidenced by the 2 bedroom rent being just $690 compared to $1,430 nationally. Additionally, the grocery cost index in Pikeville sits at 99 when compared to 100 nationally. Many local companies call Pikeville home, such as Appalachian Regional Healthcare, Pikeville Medical Center and Boss Steel Corporation. All these factors make Pikeville an affordable place to live with plenty of opportunities for employment and recreation.
Pikeville has an unemployment rate of 7.0%. The US average is 6.0%.
Pikeville has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Pikeville
- The Sales Tax Rate for Pikeville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pikeville 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 Pikeville
- The average income of a Pikeville resident is $30,577 a year. The US average is $28,555 a year.
- The Median household income of a Pikeville resident is $41,094 a year. The US average is $69,021 a year.