Elkhorn City, KY is an appealing place to live. Not only is the average two bedroom rent for $700, which is much lower than the US average of $1,430, but groceries are also much cheaper here with a grocery cost index of 96 relative to 100 in the US. Residents have plenty of opportunities for fun and entertainment too; popular local attractions include the Kingdom Come State Park and the Hatfield and McCoy Dinner Show. Major employers in the area include Big Sandy Community & Technical College and AppHarvest, Inc.
Elkhorn City has an unemployment rate of 7.0%. The US average is 6.0%.
Elkhorn City has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Elkhorn City
- The Sales Tax Rate for Elkhorn City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elkhorn City is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elkhorn City
- The average income of a Elkhorn City resident is $18,697 a year. The US average is $37,638 a year.
- The Median household income of a Elkhorn City resident is $30,208 a year. The US average is $69,021 a year.