Bardwell, KY is a small town located in Carlisle County and lies on the beautiful banks of the Mississippi River. It is a quiet, rural area with one main road running through it. Bardwell offers peaceful living with an affordable cost of living. For those looking to rent, two bedroom apartments can be found for $760 a month whereas the national average is much higher at $1,430 per month. Additionally, the Grocery Cost Index in Bardwell is 90 compared to 100 nationwide.
Bardwell has a few local companies and industries that drive its economy such as Stencils Manufacturing Company which produces metal parts and components for automobiles; M&M Machine Company which specializes in custom machining; and Banks Construction Co., a general contractor offering services related to construction and home improvements. Bardwell also boasts several small businesses including convenience stores, hardware stores, restaurants, and other service-oriented businesses.
Bardwell has an unemployment rate of 4.3%. The US average is 6.0%.
Bardwell has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Bardwell
- The Sales Tax Rate for Bardwell is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bardwell 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 Bardwell
- The average income of a Bardwell resident is $18,826 a year. The US average is $28,555 a year.
- The Median household income of a Bardwell resident is $41,042 a year. The US average is $69,021 a year.