Beaver Dam, KY is located in Ohio County and has a population of just over 3,500. The city offers a variety of outdoor activities and attractions for visitors and residents alike. The cost of living is low compared to the national average making it an attractive option for those looking to save money. The two bedroom rent is $790 which is significantly lower than the $1,430 national average making Beaver Dam a great option for budget-minded renters. The Grocery Cost Index in Beaver Dam is 93 versus 100 in the US meaning groceries are even more affordable. There are many local businesses in Beaver Dam including Richards Shoe Store, L&L Construction Co., Sizemore Auto Repair, J&R Cleaners, and Beatty’s Automotive.
Beaver Dam has an unemployment rate of 6.0%. The US average is 6.0%.
Beaver Dam has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Beaver Dam
- The Sales Tax Rate for Beaver Dam is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Beaver Dam 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 Beaver Dam
- The average income of a Beaver Dam resident is $19,351 a year. The US average is $28,555 a year.
- The Median household income of a Beaver Dam resident is $46,624 a year. The US average is $69,021 a year.