Vanceburg, KY is a small city located in Lewis County with an approximate population of 1,500 people. It is situated on the Ohio River and has a rich history in transportation and trade. Vanceburg is home to many local businesses such as Long Brothers Inc., which produces construction materials, Vanceburg Hardware & Supply Co., a family-owned business that offers hardware supplies and services, and Doyle's Lumber Yard Inc., providing quality lumber since 1952. Despite being a small city, Vanceburg has many amenities for its residents including plenty of shops, restaurants, parks and recreational activities. The cost of living in Vanceburg is relatively low compared to the US average; 2 bedroom rent in Vanceburg is $780 while the US average is $1,430 and the Grocery Cost Index is 97 versus 100 in the US. All these factors make Vanceberg a great place to live!
Vanceburg has an unemployment rate of 8.4%. The US average is 6.0%.
Vanceburg has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 17.9%, which is lower than the US average of 33.5%.
Tax Rates for Vanceburg
- The Sales Tax Rate for Vanceburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Vanceburg 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 Vanceburg
- The average income of a Vanceburg resident is $13,674 a year. The US average is $28,555 a year.
- The Median household income of a Vanceburg resident is $21,179 a year. The US average is $69,021 a year.