Louisa, KY is a small city located in Eastern Kentucky. It is known for its beautiful lake and mountain views. The cost of living in Louisa is quite reasonable. At $740, two bedroom rent is much lower than the US average of $1,430. In addition, the Grocery Cost Index in Louia is 97 versus 100 in the US, making it even more affordable to live here.
The town also has many local companies that provide employment opportunities and goods and services to residents. Some businesses include H&H Coal Company, Bagwell Motors Inc., Martin’s Family Furniture Store, B & C Construction LLC, and L&L Auto Parts Supply Co. These businesses are part of what makes Louisa such a great place to live with its low costs and ample job opportunities.
Louisa has an unemployment rate of 7.2%. The US average is 6.0%.
Louisa has seen the job market increase by 3.7% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Louisa
- The Sales Tax Rate for Louisa is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Louisa is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Louisa
- The average income of a Louisa resident is $21,029 a year. The US average is $28,555 a year.
- The Median household income of a Louisa resident is $28,378 a year. The US average is $69,021 a year.