Cloverport, KY is a small town located in Breckinridge County. The cost of living here is significantly lower than the US average, making it an attractive spot for those looking for a more affordable lifestyle. Rent for a two-bedroom apartment in Cloverport typically costs around $650, which is about half of the national average. Additionally, grocery items are about 8% cheaper than on average in the US. Local businesses in the area include Cloverport Publishing Company, Candlewood Suites, McKenney Electric Supply Company, and Baxter's Nursery & Landscaping. With its lower cost of living and access to local businesses, Cloverport is an excellent place to live or visit.
Cloverport has an unemployment rate of 5.8%. The US average is 6.0%.
Cloverport has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Cloverport
- The Sales Tax Rate for Cloverport is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cloverport 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 Cloverport
- The average income of a Cloverport resident is $17,358 a year. The US average is $37,638 a year.
- The Median household income of a Cloverport resident is $30,450 a year. The US average is $69,021 a year.