Loyall, KY is a small town located in Harlan County with a population of about 400 people. It offers a peaceful and laid-back lifestyle for its residents. The average rent for a two-bedroom apartment is $670, making it much more affordable than the US average of $1,430. Additionally, the grocery cost index in Loyall is 91 compared to 100 in the US. This makes living expenses relatively low compared to other parts of the country. There are also plenty of local businesses such as Loyall Country Store, Bailey's Auto Parts & Repair shop, and Gateway Grill that lend to the character and charm of this quaint place. Therefore, Loyall provides an attractive option for those looking for an affordable living space with access to essential services like groceries and auto repair.
Loyall has an unemployment rate of 9.4%. The US average is 6.0%.
Loyall has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Loyall
- The Sales Tax Rate for Loyall is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loyall 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 Loyall
- The average income of a Loyall resident is $14,442 a year. The US average is $37,638 a year.
- The Median household income of a Loyall resident is $23,056 a year. The US average is $69,021 a year.