Guthrie, KY is a small town located in Todd County that offers a low cost of living compared to the US average. The rent for a two bedroom apartment is $760 per month whereas the national average is $1,430. In addition, the grocery cost index in Guthrie is 94 versus 100 for the US. This makes it an attractive place to live for people looking to save money. \nThe town has plenty of businesses that residents can work with or visit as needed. Among them are Ken’s Food Pride, Big Bob’s Pizza Place, Southside Auto Parts, Needham’s Furniture Store and many more. \nOverall, Guthrie offers its residents an affordable lifestyle when it comes to housing and food costs. It also has local companies that offer different products and services so one does not need to leave their hometown for everyday needs.
Guthrie has an unemployment rate of 3.8%. The US average is 6.0%.
Guthrie has seen the job market decrease by -1.8% 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 Guthrie
- The Sales Tax Rate for Guthrie is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Guthrie is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Guthrie
- The average income of a Guthrie resident is $19,483 a year. The US average is $37,638 a year.
- The Median household income of a Guthrie resident is $33,491 a year. The US average is $69,021 a year.