Irvine, KY is a small town located in Eastern Kentucky with a population of around 2,500 people. The living expenses in Irvine are much lower than the national average: two-bedroom rent here is only $790 compared to the US average of $1,430 and grocery cost index is 92 versus 100 in the US. Local companies in Irvine include Manufacturing Solutions Corporation, C&S Machine Shop Inc., and Production Technologies Group Inc. These companies provide quality products and services to help grow the local economy. Additionally, residents enjoy access to entertainment such as restaurants, parks and other leisure activities. Overall, Irvine is a great place to live with low living costs and plenty of activities to keep everyone entertained.
Irvine has an unemployment rate of 5.8%. The US average is 6.0%.
Irvine has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Irvine
- The Sales Tax Rate for Irvine is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Irvine is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Irvine
- The average income of a Irvine resident is $18,729 a year. The US average is $37,638 a year.
- The Median household income of a Irvine resident is $35,462 a year. The US average is $69,021 a year.