Elkton, KY is a small rural town located in the south-western part of the state. Despite its relatively small size, the town has a lot to offer. Not only does it have an affordable two bedroom rent of $920 compared to the national average of $1,430, but also a grocery cost index that is lower than the index for the United States. The area boasts a variety of local businesses including Cedar Rock Dairy, Elkton Livestock Market, and Brown's Produce. All of these companies are committed to providing quality products and services to their customers while supporting Elkton’s economy and community growth.
Elkton has an unemployment rate of 3.8%. The US average is 6.0%.
Elkton has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Elkton
- The Sales Tax Rate for Elkton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elkton is 8.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elkton
- The average income of a Elkton resident is $16,574 a year. The US average is $28,555 a year.
- The Median household income of a Elkton resident is $34,735 a year. The US average is $69,021 a year.