Gracey, KY is a small town located in the central area of the state. It has a strong sense of community, boasting a variety of local businesses and attractions. The cost of living is significantly lower than the national average, with 2 bedroom rents being only $850 compared to the US average of $1,430. Grocery cost index in Gracey is also lower than the national average at 95 versus 100 in the US. Local businesses that contribute to this small town are Gracey Auto Parts, Gracey Veterinary Clinic, Corner Bar & Grill, and Owens Hardware Store. These establishments provide a variety of products and services for residents and visitors alike to enjoy.
Gracey has an unemployment rate of 5.6%. The US average is 6.0%.
Gracey has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Gracey
- The Sales Tax Rate for Gracey is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gracey 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 Gracey
- The average income of a Gracey resident is $13,227 a year. The US average is $37,638 a year.
- The Median household income of a Gracey resident is $0 a year. The US average is $69,021 a year.