Smithfield, KY is a small town located in the state of Kentucky. It has some great advantages for those looking to rent or buy. 2 bedroom rentals are currently only $950 per month and the grocery cost index is 97 against 100 in the US which indicates that groceries can be bought at a low price. The town is known for its hilly landscape and pleasant environment, making it ideal for those looking to settle down in a relaxed atmosphere. Smithfield is home to a variety of businesses such as Smithfield Farms, an agricultural enterprise specializing in high-quality hay products, and White River Mining Company, a local mining operation. Other employers include McDonough's Restaurant & Catering, which offers delicious food, and Corbin Motors Co., which specializes in automobile repairs and servicing. With plenty of opportunities for employment, Smithfield is sure to be an attractive option for those seeking an affordable place to live with plenty of activities nearby.
Smithfield has an unemployment rate of 4.2%. The US average is 6.0%.
Smithfield 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 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Smithfield
- The Sales Tax Rate for Smithfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Smithfield 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 Smithfield
- The average income of a Smithfield resident is $18,677 a year. The US average is $28,555 a year.
- The Median household income of a Smithfield resident is $34,688 a year. The US average is $69,021 a year.