Eddyville, KY is an ideal community for those looking for a more affordable cost of living. The average 2 bedroom rent is $980 which is much lower than the US average of $1,430. Additionally, grocery prices are 7% lower than the US average providing residents with further savings.
Some local companies that operate within Eddyville include Lakeland Transportation LLC, Eddins Auto Group Inc., and West Kentucky Bank. Lakeland Transportation LLC provides transportation services throughout the state while Eddins Auto Group offers sales and service of new and used cars and trucks. West Kentucky Bank offers financial services such as checking accounts, savings accounts, loans, and investments to its customers. These businesses contribute significantly to the local economy by creating jobs in the area and providing valuable services to citizens.
Eddyville has an unemployment rate of 5.0%. The US average is 6.0%.
Eddyville has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Eddyville
- The Sales Tax Rate for Eddyville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Eddyville is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Eddyville
- The average income of a Eddyville resident is $20,346 a year. The US average is $37,638 a year.
- The Median household income of a Eddyville resident is $40,500 a year. The US average is $69,021 a year.