Grand Rivers, KY is a charming town with plenty of activities and amenities to enjoy. The cost of living is quite low compared to the US average, with a two bedroom rent price at just $740 and grocery cost index at 91 compared to 100 in the US. There are a variety of local companies in Grand Rivers such as Mountain Lake Dock & Seawall, Clean Sweeps LLC and Southern Kentucky Renovations Inc. which provide services related to lake maintenance, cleaning services and renovations respectively. With its affordable housing prices and plethora of local businesses, Grand Rivers is an ideal place for people looking for an enjoyable city for their residence or business.
Grand Rivers has an unemployment rate of 7.1%. The US average is 6.0%.
Grand Rivers has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Grand Rivers
- The Sales Tax Rate for Grand Rivers is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Rivers 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 Grand Rivers
- The average income of a Grand Rivers resident is $28,887 a year. The US average is $28,555 a year.
- The Median household income of a Grand Rivers resident is $57,031 a year. The US average is $69,021 a year.