Mays Lick, Kentucky is located in Lewis County and is a small town with a population of just over 400. It offers residents an affordable cost of living in comparison to the rest of the United States. The median 2 bedroom rent is $800 compared to the US median of $1,430. In addition, grocery costs are substantially lower with an index score of 96 versus 100 for the US.
The local economy provides numerous employment opportunities for residents. There are several companies based in Mays Lick including Mays Lick Hardware Co, Mays Lick Sales & Service and B&B Fencing Co. For those looking to get outdoors and explore the area there are several local attractions such as Fort Ancient Archaeology Site and Big Bone State Park.
Mays Lick has an unemployment rate of 5.8%. The US average is 6.0%.
Mays Lick has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Mays Lick
- The Sales Tax Rate for Mays Lick is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mays Lick 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 Mays Lick
- The average income of a Mays Lick resident is $127,734 a year. The US average is $37,638 a year.
- The Median household income of a Mays Lick resident is $75,357 a year. The US average is $69,021 a year.