Beechwood Village, Kentucky is a small city located near Louisville that offers its residents a high quality of life. The cost of living is slightly lower than the national average, with 2 bedroom rent at $1,290 compared to $1,430 in the US. The grocery cost index in Beechwood Village is also lower than the US average at 102 versus 100. Local businesses include stores such as Walmart and Kroger and local restaurants such as Red Lobster and Cracker Barrel. With lower costs for rent and groceries combined with an abundance of job opportunities nearby, Beechwood Village is becoming increasingly popular for those looking for an affordable place to live.
Beechwood Village has an unemployment rate of 5.0%. The US average is 6.0%.
Beechwood Village has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Beechwood Village
- The Sales Tax Rate for Beechwood Village is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Beechwood Village 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 Beechwood Village
- The average income of a Beechwood Village resident is $66,033 a year. The US average is $37,638 a year.
- The Median household income of a Beechwood Village resident is $110,833 a year. The US average is $69,021 a year.