Edgewood, KY is a vibrant city with great amenities and low cost of living. The 2 bedroom rent is $1,070 which is significantly cheaper than the US average of $1,430. Similarly, grocery costs in Edgewood are only 1 percent more than the national average. With its low cost of living, Edgewood is an attractive place to live for those on a budget. Popular companies located in Edgewood include Speedway convenience stores, Hyundai Power Equipment, and United Home Solutions. These businesses offer job opportunities to local residents and help keep the economy thriving.
Edgewood has an unemployment rate of 4.6%. The US average is 6.0%.
Edgewood 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 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Edgewood
- The Sales Tax Rate for Edgewood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Edgewood is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Edgewood
- The average income of a Edgewood resident is $43,692 a year. The US average is $28,555 a year.
- The Median household income of a Edgewood resident is $109,909 a year. The US average is $69,021 a year.