Bandana, KY Economy


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Bandana, KY is a small rural town with a population of just over 500. It is home to many local companies such as the Bandana Chronicle, Bandana Hardware Store, and Bandana Boating Company. The cost of living in Bandana is quite low compared to the US average. For example, 2 bedroom rent in Bandana is $840 compared to $1,430 for the same size elsewhere in the US. Groceries also tend to be cheaper in the area with an index of 96 versus 100 for the US. As such, those looking for a more affordable place to live while still retaining access to amenities should consider Bandana, KY.

Bandana has an unemployment rate of 5.5%. The US average is 6.0%.

Bandana has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.

Tax Rates for Bandana
- The Sales Tax Rate for Bandana is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bandana 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 Bandana
- The average income of a Bandana resident is $49,909 a year. The US average is $37,638 a year.
- The Median household income of a Bandana resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBandana, KentuckyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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