Grayson, KY is a charming small town located in the eastern part of the state. The cost of living here is significantly lower than the national average, with two-bedroom rental prices at $780 and a Grocery Cost Index score of 98 compared to 100 in the US. Businesses that thrive in Grayson include agricultural stores such as Smith's Feed & Seed Inc., auto repair shops like Springside Garage, and medical centers like Carter County Hospital and Primary Care. Other local businesses include restaurants such as Top Hat Drive-In and retail shops including Country Floral & Gift Shop.
Grayson has an unemployment rate of 8.4%. The US average is 6.0%.
Grayson has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Grayson
- The Sales Tax Rate for Grayson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grayson 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 Grayson
- The average income of a Grayson resident is $18,872 a year. The US average is $28,555 a year.
- The Median household income of a Grayson resident is $26,298 a year. The US average is $69,021 a year.