Jamestown, KY is an affordable city with a lower cost of living than the rest of the US. The average 2-bedroom rent in Jamestown is only $750 per month, compared to the national average of $1,430. Additionally, the grocery cost index in Jamestown is a mere 94 versus 100 in the US. This makes it an ideal place to live for budget-conscious individuals and families. Other factors that make Jamestown attractive are its local businesses such as Sonic Drive-In, WKU Bookstore, and Kentucky Farm Bureau Insurance. The thriving local economy helps make Jamestown an alluring place to call home while providing residents with income opportunities and access to goods and services at low prices.
Jamestown has an unemployment rate of 5.9%. The US average is 6.0%.
Jamestown has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Jamestown
- The Sales Tax Rate for Jamestown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Jamestown 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 Jamestown
- The average income of a Jamestown resident is $16,808 a year. The US average is $37,638 a year.
- The Median household income of a Jamestown resident is $26,514 a year. The US average is $69,021 a year.