Madisonville, KY is a great place to call home. The two bedroom rent prices are incredibly affordable in comparison to the US average. It also features a low grocery cost index making it more economical for those living on a budget.
In Madisonville you can find many local businesses such as a Pizza Hut, KFC, and McDonalds. There is even a Walmart Supercenter. For outdoor activities the city offers several nearby parks including Huddleston Park with its beautiful lakefront view, Sutton Park which has walking trails and picnic areas, and Breckenridge Park which has playgrounds and soccer fields. Other attractions include the Hopkins County Museum of Natural History perfect for history buffs or the Zaccaria Concert Hall providing quality entertainment. Madisonville is an ideal location for those looking for low-cost living in a safe area with plenty of amenities the whole family will enjoy!
Madisonville has an unemployment rate of 5.3%. The US average is 6.0%.
Madisonville has seen the job market decrease by -1.1% 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 Madisonville
- The Sales Tax Rate for Madisonville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Madisonville is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madisonville
- The average income of a Madisonville resident is $22,394 a year. The US average is $28,555 a year.
- The Median household income of a Madisonville resident is $46,816 a year. The US average is $69,021 a year.