Tompkinsville, KY is a small town with a warm and friendly atmosphere. It is situated near the banks of the Cumberland River, offering an idyllic setting for its residents. The cost of living is relatively low, with two bedroom rents averaging around $740 per month compared to the national average of $1430. Similarly, the grocery cost index is 92 versus 100 in the US. Despite its modest size, Tompkinsville has plenty to offer. Local businesses such as Farmhouse Restaurant & Cafe, South Park Pharmacy, and Queen City Flooring Co provide essential services and employment opportunities for locals. There are also several parks with great recreational facilities for both children and adults alike. With so much to do in such a beautiful area, it's easy to see why Tompkinsville has attracted so many people over the years!
Tompkinsville has an unemployment rate of 4.3%. The US average is 6.0%.
Tompkinsville has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Tompkinsville
- The Sales Tax Rate for Tompkinsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tompkinsville is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Tompkinsville
- The average income of a Tompkinsville resident is $16,446 a year. The US average is $28,555 a year.
- The Median household income of a Tompkinsville resident is $29,779 a year. The US average is $69,021 a year.