Cave City, KY is a small town located in the heart of Kentucky. It has access to major highways, making it easy to get around for locals and visitors alike. The cost of living in Cave City is quite reasonable with the average two bedroom rent being $750 compared to $1,430 for the US as a whole. The grocery cost index in Cave City is 94 versus 100 in the US, providing further savings on groceries and other necessities. \nThe city is home to many companies such as First National Bank, Smith Ford Lincoln, All Pro Auto Sales & Service, Hillbilly Hardwood Flooring, and lots more local businesses that help contribute to the overall economy of Cave City. With all this put together, Cave City provides an affordable place to live while still having access to plenty of shopping and entertainment options.
Cave City has an unemployment rate of 5.7%. The US average is 6.0%.
Cave City has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Cave City
- The Sales Tax Rate for Cave City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cave City is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cave City
- The average income of a Cave City resident is $17,914 a year. The US average is $28,555 a year.
- The Median household income of a Cave City resident is $32,399 a year. The US average is $69,021 a year.